Skyworks Solutions, Inc. (SWKS) Stake Lessened by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,264 shares of the semiconductor manufacturer’s stock after selling 1,824 shares during the period. Koshinski Asset Management Inc.’s holdings in Skyworks Solutions were worth $310,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SWKS. BlueMountain Capital Management LLC raised its position in shares of Skyworks Solutions by 3,779.6% during the second quarter. BlueMountain Capital Management LLC now owns 5,703 shares of the semiconductor manufacturer’s stock worth $547,000 after purchasing an additional 5,556 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Skyworks Solutions by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 6,960 shares of the semiconductor manufacturer’s stock worth $668,000 after purchasing an additional 170 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Skyworks Solutions by 2.9% during the second quarter. Mutual of America Capital Management LLC now owns 44,906 shares of the semiconductor manufacturer’s stock worth $4,309,000 after purchasing an additional 1,250 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Skyworks Solutions during the second quarter worth $917,000. Finally, Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 2.8% during the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock worth $1,758,380,000 after purchasing an additional 502,995 shares during the period. 81.59% of the stock is currently owned by institutional investors.

Skyworks Solutions, Inc. (SWKS) opened at $99.20 on Friday. Skyworks Solutions, Inc. has a 52 week low of $84.69 and a 52 week high of $117.65. The company has a market capitalization of $17,680.00, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.02 and a beta of 0.83.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, November 6th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. Skyworks Solutions had a return on equity of 29.17% and a net margin of 27.67%. sell-side analysts forecast that Skyworks Solutions, Inc. will post 6.69 earnings per share for the current fiscal year.

In other Skyworks Solutions news, VP Laura A. Gasparini sold 12,132 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $110.53, for a total value of $1,340,949.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Liam Griffin sold 15,059 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.09, for a total value of $1,431,960.31. Following the completion of the transaction, the insider now owns 62,359 shares in the company, valued at approximately $5,929,717.31. The disclosure for this sale can be found here. Insiders sold 169,664 shares of company stock worth $18,031,219 in the last 90 days. Corporate insiders own 0.49% of the company’s stock.

A number of brokerages have recently issued reports on SWKS. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $105.96 target price on the stock. in a research report on Wednesday. Zacks Investment Research lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BidaskClub raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research report on Wednesday, December 27th. Finally, Cowen set a $115.00 price target on Skyworks Solutions and gave the company a “hold” rating in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus price target of $116.81.

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Skyworks Solutions 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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