Advisors Asset Management Inc. boosted its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 460.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,744 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,254 shares during the period. Advisors Asset Management Inc.’s holdings in Skyworks Solutions were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vulcan Value Partners LLC increased its position in shares of Skyworks Solutions by 21.8% during the second quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock valued at $636,129,000 after purchasing an additional 1,179,670 shares during the period. Bank of New York Mellon Corp increased its position in shares of Skyworks Solutions by 6.4% during the second quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock valued at $296,944,000 after purchasing an additional 185,039 shares during the period. Manning & Napier Group LLC increased its position in shares of Skyworks Solutions by 2.0% during the second quarter. Manning & Napier Group LLC now owns 1,451,579 shares of the semiconductor manufacturer’s stock valued at $140,293,000 after purchasing an additional 28,220 shares during the period. Platinum Investment Management Ltd. increased its position in shares of Skyworks Solutions by 0.4% during the second quarter. Platinum Investment Management Ltd. now owns 1,118,760 shares of the semiconductor manufacturer’s stock valued at $108,128,000 after purchasing an additional 5,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Skyworks Solutions by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,085,057 shares of the semiconductor manufacturer’s stock valued at $104,872,000 after purchasing an additional 10,581 shares during the period. 80.79% of the stock is currently owned by institutional investors.

Shares of SWKS stock opened at $87.21 on Friday. The firm has a market capitalization of $16.24 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.00 and a beta of 0.60. Skyworks Solutions Inc has a one year low of $83.05 and a one year high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.04. The business had revenue of $894.30 million for the quarter, compared to analyst estimates of $889.00 million. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. Skyworks Solutions’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 EPS. Equities analysts forecast that Skyworks Solutions Inc will post 6.61 earnings per share for the current year.

A number of analysts have recently issued reports on SWKS shares. ValuEngine cut Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 12th. Morgan Stanley lowered their price objective on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research report on Monday, August 6th. Zacks Investment Research cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Needham & Company LLC restated a “buy” rating and set a $118.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, August 7th. Finally, BidaskClub lowered Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. Skyworks Solutions has an average rating of “Hold” and an average target price of $114.78.

In other Skyworks Solutions news, Director David J. Aldrich sold 5,500 shares of the business’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $90.48, for a total value of $497,640.00. Following the transaction, the director now owns 147,752 shares of the company’s stock, valued at $13,368,600.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $93.03, for a total value of $930,300.00. Following the completion of the transaction, the director now directly owns 152,252 shares in the company, valued at approximately $14,164,003.56. The disclosure for this sale can be found here. In the last three months, insiders sold 48,500 shares of company stock worth $4,495,380. Insiders own 0.47% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

See Also: S&P 500 Index

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions Inc (NASDAQ:SWKS).

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

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.