NN Investment Partners Holdings N.V. Invests $159,000 in Skyworks Solutions Inc (SWKS)

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NN Investment Partners Holdings N.V. bought a new position in Skyworks Solutions Inc (NASDAQ:SWKS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,751 shares of the semiconductor manufacturer’s stock, valued at approximately $159,000.

Several other large investors have also recently bought and sold shares of SWKS. Vulcan Value Partners LLC raised its position in Skyworks Solutions by 21.8% during the second quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock valued at $636,129,000 after purchasing an additional 1,179,670 shares during the period. Bank of New York Mellon Corp raised its position in Skyworks Solutions by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock valued at $296,944,000 after purchasing an additional 185,039 shares during the period. Manning & Napier Group LLC raised its position in Skyworks Solutions by 2.0% during the second quarter. Manning & Napier Group LLC now owns 1,451,579 shares of the semiconductor manufacturer’s stock valued at $140,293,000 after purchasing an additional 28,220 shares during the period. First Trust Advisors LP raised its position in Skyworks Solutions by 31.1% during the third quarter. First Trust Advisors LP now owns 1,391,837 shares of the semiconductor manufacturer’s stock valued at $126,254,000 after purchasing an additional 330,404 shares during the period. Finally, Platinum Investment Management Ltd. raised its position in Skyworks Solutions by 0.4% during the second quarter. Platinum Investment Management Ltd. now owns 1,118,760 shares of the semiconductor manufacturer’s stock valued at $108,128,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 80.71% of the company’s stock.

In related news, Director David J. Aldrich sold 10,000 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $92.89, for a total value of $928,900.00. Following the transaction, the director now owns 152,252 shares of the company’s stock, valued at $14,142,688.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 3,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $88.78, for a total value of $266,340.00. Following the completion of the transaction, the director now directly owns 145,252 shares in the company, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. In the last three months, insiders sold 34,500 shares of company stock worth $3,126,050. 0.47% of the stock is owned by insiders.

A number of equities research analysts have issued reports on SWKS shares. Cowen restated a “hold” rating and set a $105.00 price objective (up from $100.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. Morgan Stanley upped their target price on Skyworks Solutions from $85.00 to $87.00 and gave the company an “underweight” rating in a research note on Friday, July 20th. Needham & Company LLC upped their target price on Skyworks Solutions from $110.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Craig Hallum reaffirmed a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. Finally, B. Riley upped their target price on Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $113.58.

Shares of NASDAQ:SWKS opened at $83.40 on Friday. Skyworks Solutions Inc has a 52-week low of $79.27 and a 52-week high of $115.98. The company has a market capitalization of $14.79 billion, a P/E ratio of 13.95, a PEG ratio of 0.82 and a beta of 0.64.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Skyworks Solutions’s revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Skyworks Solutions Inc will post 6.61 EPS for the current year.

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Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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