Lenox Wealth Management Inc. Purchases 7,699 Shares of Skyworks Solutions Inc (SWKS)

Lenox Wealth Management Inc. lifted its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 69,990.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,710 shares of the semiconductor manufacturer’s stock after buying an additional 7,699 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Skyworks Solutions were worth $517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank lifted its holdings in shares of Skyworks Solutions by 251.9% during the fourth quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 340 shares during the last quarter. NEXT Financial Group Inc acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $108,000. Polaris Greystone Financial Group LLC lifted its holdings in shares of Skyworks Solutions by 4,813.3% during the third quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock worth $134,000 after buying an additional 1,444 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $159,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Skyworks Solutions by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 2,100 shares of the semiconductor manufacturer’s stock worth $190,000 after buying an additional 1,050 shares during the last quarter. 80.85% of the stock is owned by institutional investors and hedge funds.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total value of $258,750.00. Following the sale, the director now directly owns 144,251 shares in the company, valued at $12,441,648.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Peter L. Gammel sold 2,652 shares of the company’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $68.45, for a total value of $181,529.40. Following the completion of the sale, the chief technology officer now owns 15,123 shares in the company, valued at $1,035,169.35. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

A number of research analysts have recently commented on the company. ValuEngine upgraded Skyworks Solutions from a “strong sell” rating to a “sell” rating in a report on Thursday, December 6th. UBS Group assumed coverage on Skyworks Solutions in a report on Thursday, December 6th. They set a “neutral” rating and a $70.00 price target for the company. Summit Redstone lowered Skyworks Solutions to a “hold” rating in a report on Friday, November 9th. Susquehanna Bancshares assumed coverage on Skyworks Solutions in a report on Friday, December 7th. They set a “neutral” rating and a $80.00 price target for the company. Finally, Bank of America lowered Skyworks Solutions from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $92.00 to $75.00 in a report on Tuesday, November 20th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Hold” and an average price target of $94.62.

Shares of SWKS traded down $0.63 on Wednesday, reaching $68.27. 74,104 shares of the stock traded hands, compared to its average volume of 1,890,855. The stock has a market cap of $12.44 billion, a PE ratio of 10.30, a P/E/G ratio of 1.01 and a beta of 0.66. Skyworks Solutions Inc has a 12 month low of $60.12 and a 12 month high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. Skyworks Solutions’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. Analysts anticipate that Skyworks Solutions Inc will post 6.29 earnings per share for the current year.

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Skyworks Solutions Company 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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