S&T Bank PA reduced its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,941 shares of the semiconductor manufacturer’s stock after selling 9,683 shares during the quarter. Skyworks Solutions makes up about 2.2% of S&T Bank PA’s holdings, making the stock its 9th biggest holding. S&T Bank PA owned about 0.07% of Skyworks Solutions worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SWKS. Signet Financial Management LLC raised its holdings in Skyworks Solutions by 1.2% in the 2nd quarter. Signet Financial Management LLC now owns 46,986 shares of the semiconductor manufacturer’s stock worth $4,508,000 after purchasing an additional 540 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Skyworks Solutions by 68.9% in the 2nd quarter. Macquarie Group Ltd. now owns 27,200 shares of the semiconductor manufacturer’s stock worth $2,609,000 after purchasing an additional 11,100 shares during the period. Flinton Capital Management LLC lifted its position in shares of Skyworks Solutions by 116.7% in the 2nd quarter. Flinton Capital Management LLC now owns 114,512 shares of the semiconductor manufacturer’s stock worth $10,988,000 after purchasing an additional 61,676 shares during the period. L & S Advisors Inc lifted its position in shares of Skyworks Solutions by 22.0% in the 2nd quarter. L & S Advisors Inc now owns 6,285 shares of the semiconductor manufacturer’s stock worth $603,000 after purchasing an additional 1,135 shares during the period. Finally, Zurich Insurance Group Ltd FI lifted its position in shares of Skyworks Solutions by 26.1% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 24,931 shares of the semiconductor manufacturer’s stock worth $2,392,000 after purchasing an additional 5,164 shares during the period. 80.84% of the stock is currently owned by institutional investors and hedge funds.

SWKS has been the topic of a number of research reports. Craig Hallum lifted their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Mizuho increased their price target on shares of Skyworks Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Monday, July 17th. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 price objective for the company. in a report on Monday, July 17th. Finally, Argus began coverage on shares of Skyworks Solutions in a report on Thursday, July 6th. They issued a “buy” rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $111.82.

In other news, Director Christine King sold 3,705 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the sale, the director now owns 16,641 shares in the company, valued at $1,777,591.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Liam Griffin sold 8,056 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the sale, the insider now owns 54,310 shares in the company, valued at approximately $5,719,386.10. The disclosure for this sale can be found here. Insiders sold 14,371 shares of company stock worth $1,505,093 over the last three months. Corporate insiders own 0.49% of the company’s stock.

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Skyworks Solutions, Inc. (NASDAQ SWKS) traded up 0.25% during midday trading on Wednesday, reaching $102.87. 629,893 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $103.97 and its 200-day moving average is $102.72. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $112.11. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of 19.86 and a beta of 0.89.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 EPS. On average, equities analysts forecast that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

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.

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

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