Veritable L.P. Has $281,000 Position in Skyworks Solutions, Inc. (SWKS)
Veritable L.P. cut its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,928 shares of the semiconductor manufacturer’s stock after selling 161 shares during the period. Veritable L.P.’s holdings in Skyworks Solutions were worth $281,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Bancorpsouth Inc. boosted its holdings in Skyworks Solutions by 12.4% in the second quarter. Bancorpsouth Inc. now owns 7,045 shares of the semiconductor manufacturer’s stock valued at $676,000 after acquiring an additional 776 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Skyworks Solutions by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,007,500 shares of the semiconductor manufacturer’s stock valued at $96,673,000 after acquiring an additional 19,411 shares during the last quarter. Virtu KCG Holdings LLC boosted its holdings in Skyworks Solutions by 227.1% in the second quarter. Virtu KCG Holdings LLC now owns 9,237 shares of the semiconductor manufacturer’s stock valued at $886,000 after acquiring an additional 6,413 shares during the last quarter. Hancock Holding Co. bought a new stake in Skyworks Solutions in the second quarter valued at approximately $231,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Skyworks Solutions by 129.6% in the second quarter. Parametric Portfolio Associates LLC now owns 543,016 shares of the semiconductor manufacturer’s stock valued at $52,102,000 after acquiring an additional 306,561 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/10/05/veritable-l-p-has-281000-position-in-skyworks-solutions-inc-swks.html.
In other Skyworks Solutions news, Director Christine King sold 3,705 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the sale, the director now directly owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Liam Griffin sold 13,858 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $102.18, for a total value of $1,416,010.44. The disclosure for this sale can be found here. Insiders sold 28,229 shares of company stock worth $2,921,104 over the last three months. Corporate insiders own 0.49% of the company’s stock.
Several analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $120.00 target price on shares of Skyworks Solutions in a report on Monday, July 17th. BidaskClub upgraded 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 report on Friday, July 21st. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 target price on the stock. in a report on Monday, July 17th. Finally, Cowen and Company reiterated 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 issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.82.
Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 103.32 on Thursday. The company has a 50-day moving average price of $103.89 and a 200-day moving average price of $102.73. The stock has a market capitalization of $19.20 billion, a price-to-earnings ratio of 19.95 and a beta of 0.89. Skyworks Solutions, Inc. has a 52-week low of $71.65 and a 52-week high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. During the same period in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.
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.
Receive News & Stock Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related stocks with our FREE daily email newsletter.