Teachers Retirement System of The State of Kentucky Has $8.47 Million Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Teachers Retirement System of The State of Kentucky cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,143 shares of the semiconductor manufacturer’s stock after selling 2,176 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Skyworks Solutions were worth $8,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWKS. Financial Engines Advisors L.L.C. acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at $126,000. WFG Advisors LP raised its stake in shares of Skyworks Solutions by 14.8% during the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC raised its stake in shares of Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $202,000. Finally, Round Table Services LLC purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $204,000. 81.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Carlos S. Bori sold 2,151 shares of Skyworks Solutions stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total value of $230,587.20. Following the completion of the transaction, the senior vice president now directly owns 9,372 shares of the company’s stock, valued at approximately $1,004,678.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman David J. Aldrich sold 45,000 shares of Skyworks Solutions stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $110.08, for a total value 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 $20,347,407.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,925 shares of company stock worth $14,829,665. 0.49% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on SWKS shares. Bank of America raised their price objective on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Monday, September 11th. Instinet began coverage on Skyworks Solutions in a report on Wednesday, September 6th. They set a “buy” rating and a $115.00 price objective on the stock. Citigroup raised Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Tuesday, September 5th. Finally, KeyCorp reissued a “buy” rating and set a $120.00 price objective on shares of Skyworks Solutions in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $115.72.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $97.60 on Wednesday. Skyworks Solutions, Inc. has a twelve month low of $73.94 and a twelve month high of $117.65. The firm has a market capitalization of $18,054.30, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.97 and a beta of 0.84.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, November 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.

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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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