Skyworks Solutions Inc. (SWKS) Position Increased by Advisory Services Network LLC
Advisory Services Network LLC raised its position in Skyworks Solutions Inc. (NASDAQ:SWKS) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 19,046 shares of the semiconductor manufacturer’s stock after buying an additional 283 shares during the period. Advisory Services Network LLC’s holdings in Skyworks Solutions were worth $1,205,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of SWKS. Wellington Management Group LLP increased its stake in Skyworks Solutions by 220.3% in the first quarter. Wellington Management Group LLP now owns 6,231,589 shares of the semiconductor manufacturer’s stock worth $485,441,000 after buying an additional 4,286,283 shares during the period. Villere ST Denis J & Co. LLC purchased a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $66,184,000. JPMorgan Chase & Co. increased its stake in shares of Skyworks Solutions by 568.4% in the first quarter. JPMorgan Chase & Co. now owns 849,066 shares of the semiconductor manufacturer’s stock valued at $66,142,000 after buying an additional 1,030,325 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Skyworks Solutions by 709.2% in the first quarter. Lazard Asset Management LLC now owns 1,163,126 shares of the semiconductor manufacturer’s stock valued at $90,607,000 after buying an additional 1,019,385 shares during the last quarter. Finally, Capital Growth Management LP purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $42,066,000. 76.66% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 1.06% during trading on Monday, reaching $75.33. 2,285,940 shares of the company’s stock traded hands. Skyworks Solutions Inc. has a 52-week low of $54.50 and a 52-week high of $88.52. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 14.92 and a beta of 1.06. The company’s 50 day moving average is $73.17 and its 200-day moving average is $69.49.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The business had revenue of $751.70 million for the quarter, compared to the consensus estimate of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. On average, analysts anticipate that Skyworks Solutions Inc. will post $5.53 earnings per share for the current fiscal year.
Several brokerages have commented on SWKS. B. Riley reaffirmed a “buy” rating and issued a $93.00 target price on shares of Skyworks Solutions in a research note on Monday, July 25th. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $70.16 target price for the company. in a research note on Monday, July 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 target price on shares of Skyworks Solutions in a research note on Friday, July 22nd. Pacific Crest reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Tuesday, June 7th. Finally, Zacks Investment Research raised shares of Skyworks Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.96.
In other news, Chairman David J. Aldrich sold 15,000 shares of the company’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $59.46, for a total transaction of $891,900.00. Following the sale, the chairman now directly owns 140,327 shares in the company, valued at $8,343,843.42. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Laura A. Gasparini sold 2,650 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $74.84, for a total value of $198,326.00. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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