Achmea Investment Management B.V. increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,163 shares of the semiconductor manufacturer’s stock after buying an additional 2,202 shares during the period. Achmea Investment Management B.V.’s holdings in Skyworks Solutions were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invictus RG acquired a new stake in shares of Skyworks Solutions in the first quarter valued at approximately $101,000. Winslow Evans & Crocker Inc. raised its position in shares of Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after buying an additional 35 shares in the last quarter. WFG Advisors LP raised its position in shares of Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after buying an additional 171 shares in the last quarter. Sun Life Financial INC raised its position in shares of Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,136 shares in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $182,000. Institutional investors own 80.82% of the company’s stock.
Skyworks Solutions, Inc. (SWKS) opened at 105.15 on Monday. The company has a 50-day moving average of $104.81 and a 200 day moving average of $103.38. Skyworks Solutions, Inc. has a 12-month low of $71.65 and a 12-month high of $112.11. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of 20.18 and a beta of 0.89.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
A number of research firms have recently weighed in on SWKS. B. Riley reiterated a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price target for the company. in a research report on Monday, August 14th. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Northland Securities reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, Barclays PLC lifted their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $112.40.
In other news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now directly owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Liam Griffin sold 13,858 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $102.18, for a total transaction of $1,416,010.44. The disclosure for this sale can be found here. In the last three months, insiders sold 28,229 shares of company stock worth $2,921,104. Insiders own 0.49% of the company’s stock.
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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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