Robeco Institutional Asset Management B.V. Purchases 32,936 Shares of Skyworks Solutions Inc (NASDAQ:SWKS)

Robeco Institutional Asset Management B.V. boosted its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 26.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,918 shares of the semiconductor manufacturer’s stock after purchasing an additional 32,936 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Skyworks Solutions worth $12,201,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Garrison Point Advisors LLC grew its stake in Skyworks Solutions by 2.2% in the 1st quarter. Garrison Point Advisors LLC now owns 5,690 shares of the semiconductor manufacturer’s stock worth $469,000 after acquiring an additional 120 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Skyworks Solutions by 0.3% during the first quarter. Xact Kapitalforvaltning AB now owns 48,916 shares of the semiconductor manufacturer’s stock valued at $4,035,000 after purchasing an additional 124 shares in the last quarter. Capital Investment Counsel Inc boosted its stake in shares of Skyworks Solutions by 0.3% during the first quarter. Capital Investment Counsel Inc now owns 42,646 shares of the semiconductor manufacturer’s stock valued at $3,517,000 after purchasing an additional 135 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Skyworks Solutions by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,958 shares of the semiconductor manufacturer’s stock valued at $533,000 after purchasing an additional 140 shares in the last quarter. Finally, Montag & Caldwell LLC boosted its stake in shares of Skyworks Solutions by 4.2% during the first quarter. Montag & Caldwell LLC now owns 3,489 shares of the semiconductor manufacturer’s stock valued at $288,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

A number of equities analysts have recently issued reports on SWKS shares. Craig Hallum reiterated a “buy” rating and set a $85.00 price objective (down from $105.00) on shares of Skyworks Solutions in a research note on Monday, June 3rd. BidaskClub upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Thursday. Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a research note on Friday, June 7th. DA Davidson dropped their price objective on shares of Skyworks Solutions to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Finally, Barclays downgraded shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $80.00 in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company’s stock. Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $86.70.

In other news, Director Timothy R. Furey sold 2,500 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $73.51, for a total value of $183,775.00. Following the sale, the director now owns 24,324 shares in the company, valued at $1,788,057.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David J. Aldrich sold 10,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $85.88, for a total transaction of $858,800.00. Following the completion of the sale, the director now owns 213,032 shares in the company, valued at approximately $18,295,188.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,000 shares of company stock valued at $3,768,153. Corporate insiders own 0.64% of the company’s stock.

Shares of NASDAQ SWKS traded down $2.57 during midday trading on Monday, reaching $76.76. The company had a trading volume of 29,790 shares, compared to its average volume of 1,601,434. The company’s 50-day moving average is $79.83. The company has a market cap of $13.70 billion, a PE ratio of 11.56, a P/E/G ratio of 1.48 and a beta of 1.02. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $96.25.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. The business had revenue of $810.40 million during the quarter, compared to analysts’ expectations of $809.52 million. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. The business’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. Research analysts forecast that Skyworks Solutions Inc will post 5.68 earnings per share for the current fiscal year.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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