Skyworks Solutions, Inc. (SWKS) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,215 shares of the semiconductor manufacturer’s stock after selling 4,339 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Skyworks Solutions were worth $2,774,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SWKS. Engineers Gate Manager LP bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $773,000. Stephens Inc. AR grew its position in Skyworks Solutions by 2.9% in the 2nd quarter. Stephens Inc. AR now owns 3,456 shares of the semiconductor manufacturer’s stock worth $332,000 after purchasing an additional 98 shares during the period. Raymond James Trust N.A. bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $238,000. Fiera Capital Corp bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at $523,000. Finally, Norinchukin Bank The grew its position in shares of Skyworks Solutions by 6.6% during the 2nd quarter. Norinchukin Bank The now owns 12,806 shares of the semiconductor manufacturer’s stock valued at $1,229,000 after acquiring an additional 791 shares during the period. 81.55% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Zacks Investment Research downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Skyworks Solutions in a research report on Sunday, September 17th. Canaccord Genuity reissued a “buy” rating and set a $125.00 price objective (up previously from $117.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Finally, Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $108.40 price objective for the company. in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and a consensus target price of $116.09.

In related news, insider Liam Griffin sold 15,059 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $95.09, for a total value of $1,431,960.31. Following the completion of the transaction, the insider now owns 62,359 shares of the company’s stock, valued at approximately $5,929,717.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman David J. Aldrich sold 45,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $110.08, for a total transaction of $4,953,600.00. Following the completion of the transaction, the chairman now directly owns 184,842 shares of the company’s stock, valued at approximately $20,347,407.36. The disclosure for this sale can be found here. Insiders sold a total of 161,864 shares of company stock valued at $17,246,539 in the last ninety days. 0.49% of the stock is currently owned by insiders.

Skyworks Solutions, Inc. (NASDAQ SWKS) opened at $101.21 on Friday. The firm has a market cap of $18,600.00, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.99 and a beta of 0.83. Skyworks Solutions, Inc. has a 1-year low of $76.49 and a 1-year high of $117.65.

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Skyworks Solutions Company 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.

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

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