OxFORD Asset Management LLP Acquires 6,266 Shares of Skyworks Solutions, Inc. (SWKS)

OxFORD Asset Management LLP lifted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 43.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,747 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,266 shares during the period. OxFORD Asset Management LLP’s holdings in Skyworks Solutions were worth $2,115,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Voya Investment Management LLC boosted its holdings in Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock worth $123,813,000 after purchasing an additional 1,167,942 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Skyworks Solutions by 587.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,305,942 shares of the semiconductor manufacturer’s stock valued at $125,305,000 after acquiring an additional 1,115,938 shares during the last quarter. Koch Industries Inc. boosted its stake in Skyworks Solutions by 11,046.5% in the second quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock valued at $503,000 after acquiring an additional 503,940 shares during the last quarter. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 2.8% in the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after acquiring an additional 502,995 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Skyworks Solutions by 129.6% in the second quarter. Parametric Portfolio Associates LLC now owns 543,016 shares of the semiconductor manufacturer’s stock valued at $52,102,000 after acquiring an additional 306,561 shares during the last quarter. 81.94% of the stock is owned by institutional investors.

SWKS has been the topic of a number of research analyst reports. Citigroup upgraded shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Tuesday, September 5th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price target on the stock in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Monday, August 28th. Cowen boosted their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Tuesday, October 10th. Finally, Barclays boosted their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $116.56.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $94.09 on Friday. The company has a market cap of $17,350.00, a price-to-earnings ratio of 16.02, a PEG ratio of 0.96 and a beta of 0.84. Skyworks Solutions, Inc. has a twelve month low of $73.94 and a twelve month high of $117.65.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, November 20th. Skyworks Solutions’s payout ratio is 23.66%.

In other news, SVP Robert John Terry sold 7,986 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $110.32, for a total value of $881,015.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 2,151 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total transaction of $230,587.20. Following the completion of the sale, the senior vice president now directly owns 9,372 shares of the company’s stock, valued at approximately $1,004,678.40. The disclosure for this sale can be found here. Insiders sold a total of 150,275 shares of company stock valued at $16,223,522 in the last ninety days. 0.49% of the stock is owned by corporate insiders.

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Skyworks Solutions Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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

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