Public Employees Retirement System of Ohio cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,102 shares of the semiconductor manufacturer’s stock after selling 56,938 shares during the quarter. Public Employees Retirement System of Ohio owned 0.08% of Skyworks Solutions worth $13,443,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Covington Capital Management increased its position in shares of Skyworks Solutions by 12.2% in the second quarter. Covington Capital Management now owns 8,995 shares of the semiconductor manufacturer’s stock valued at $863,000 after buying an additional 980 shares in the last quarter. Colony Group LLC purchased a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $278,000. Koch Industries Inc. increased its position in shares of 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 buying an additional 503,940 shares in the last quarter. Krilogy Financial LLC increased its position in shares of Skyworks Solutions by 1.9% in the second quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock valued at $262,000 after buying an additional 50 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Skyworks Solutions by 10.3% in the second quarter. Sterling Capital Management LLC now owns 13,122 shares of the semiconductor manufacturer’s stock valued at $1,259,000 after buying an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share.

In other Skyworks Solutions news, insider Liam Griffin sold 13,858 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $102.18, for a total transaction of $1,416,010.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Insiders sold 28,229 shares of company stock worth $2,921,104 in the last ninety days. 0.49% of the stock is owned by corporate insiders.

A number of research firms have recently commented on SWKS. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Skyworks Solutions in a research report on Sunday, September 17th. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $112.42 price objective for the company. in a research report on Monday, September 18th. Zacks Investment Research cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a research report on Friday, July 21st. Finally, Cowen and Company restated a “market perform” rating and issued a $110.00 price objective on shares of Skyworks Solutions in a research report on Friday, July 21st. One 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $112.02.

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About Skyworks Solutions

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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