Dumont & Blake Investment Advisors LLC raised its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,746 shares of the semiconductor manufacturer’s stock after buying an additional 765 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Skyworks Solutions were worth $1,247,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Reilly Financial Advisors LLC lifted its stake in Skyworks Solutions by 1.3% in the third quarter. Reilly Financial Advisors LLC now owns 115,406 shares of the semiconductor manufacturer’s stock valued at $10,468,000 after buying an additional 1,475 shares during the period. Polaris Greystone Financial Group LLC lifted its stake in Skyworks Solutions by 4,813.3% in the third quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock valued at $134,000 after buying an additional 1,444 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Skyworks Solutions by 6.2% during the third quarter. Xact Kapitalforvaltning AB now owns 61,392 shares of the semiconductor manufacturer’s stock valued at $5,569,000 after acquiring an additional 3,589 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Skyworks Solutions by 33.0% during the third quarter. Aperio Group LLC now owns 112,913 shares of the semiconductor manufacturer’s stock valued at $10,242,000 after acquiring an additional 28,030 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $293,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on SWKS. Needham & Company LLC restated a “buy” rating and set a $118.00 price objective on shares of Skyworks Solutions in a report on Tuesday, August 7th. BidaskClub upgraded Skyworks Solutions from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. ValuEngine upgraded Skyworks Solutions from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Morgan Stanley decreased their price objective on Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating for the company in a report on Wednesday, October 3rd. Finally, Zacks Investment Research downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $114.53.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.04. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The business had revenue of $894.30 million during the quarter, compared to the consensus estimate of $889.00 million. During the same quarter in the prior year, the company posted $1.57 earnings per share. Skyworks Solutions’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Skyworks Solutions Inc will post 6.61 EPS for the current fiscal year.
In related news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $93.03, for a total transaction of $930,300.00. Following the completion of the sale, the director now owns 152,252 shares in the company, valued at $14,164,003.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total value of $266,340.00. Following the completion of the transaction, the director now owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. Insiders have sold 48,500 shares of company stock valued at $4,495,380 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.
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.
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