Ontario Teachers Pension Plan Board increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,549 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,294 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Skyworks Solutions were worth $1,204,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SWKS. B. Riley Financial Inc. grew its position in Skyworks Solutions by 20.9% in the 2nd quarter. B. Riley Financial Inc. now owns 6,100 shares of the semiconductor manufacturer’s stock worth $585,000 after purchasing an additional 1,053 shares during the period. Bancorpsouth Inc. raised its stake in Skyworks Solutions by 12.4% during the 2nd quarter. Bancorpsouth Inc. now owns 7,045 shares of the semiconductor manufacturer’s stock valued at $676,000 after buying an additional 776 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Skyworks Solutions by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,007,500 shares of the semiconductor manufacturer’s stock valued at $96,673,000 after buying an additional 19,411 shares during the last quarter. Virtu KCG Holdings LLC raised its stake in Skyworks Solutions by 227.1% during the 2nd quarter. Virtu KCG Holdings LLC now owns 9,237 shares of the semiconductor manufacturer’s stock valued at $886,000 after buying an additional 6,413 shares during the last quarter. Finally, Hancock Holding Co. purchased a new stake in Skyworks Solutions during the 2nd quarter valued at $231,000. Institutional investors own 80.84% of the company’s stock.

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A number of equities analysts have recently issued reports on the company. B. Riley restated a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Monday, July 17th. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Barclays PLC reiterated an “overweight” rating on shares of Skyworks Solutions in a research report on Friday, July 21st. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 price objective for the company. in a research report on Monday, July 17th. Finally, Cowen and Company reissued a “market perform” rating and issued a $110.00 target price on shares of Skyworks Solutions in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $111.82.

Shares of Skyworks Solutions, Inc. (SWKS) opened at 102.28 on Tuesday. Skyworks Solutions, Inc. has a one year low of $71.65 and a one year high of $112.11. The stock has a market capitalization of $19.00 billion, a PE ratio of 19.75 and a beta of 0.89. The stock’s 50 day moving average price is $104.05 and its 200 day moving average price is $102.69.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The firm had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same period last year, the company posted $1.24 EPS. Skyworks Solutions’s quarterly revenue was up 19.8% compared to the same quarter last year. Equities research analysts predict that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.

In other Skyworks Solutions news, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the sale, the insider now owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now directly owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,371 shares of company stock valued at $1,505,093. 0.49% of the stock is owned by company insiders.

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.

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

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