Platinum Investment Management Ltd. lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,105,560 shares of the semiconductor manufacturer’s stock after selling 3,000 shares during the quarter. Skyworks Solutions makes up approximately 2.9% of Platinum Investment Management Ltd.’s investment portfolio, making the stock its 14th largest position. Platinum Investment Management Ltd. owned approximately 0.60% of Skyworks Solutions worth $106,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Girard Partners LTD. increased its position in Skyworks Solutions by 0.3% during the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after buying an additional 16 shares during the last quarter. Cadence Capital Management LLC increased its position in Skyworks Solutions by 0.3% during the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after buying an additional 21 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in Skyworks Solutions by 3.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after buying an additional 35 shares during the last quarter. Montag A & Associates Inc. increased its position in Skyworks Solutions by 0.5% during the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after buying an additional 41 shares during the last quarter. Finally, Cleararc Capital Inc. increased its position in Skyworks Solutions by 1.1% during the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock worth $445,000 after buying an additional 50 shares during the last quarter. 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 reaffirmed a “buy” rating and issued a $110.00 target price on shares of Skyworks Solutions in a research report on Sunday, September 17th. Vetr downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $112.42 target price on the stock. in a research report on Monday, September 18th. Zacks Investment Research downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Barclays PLC reaffirmed an “overweight” rating on shares of Skyworks Solutions in a research report on Friday, July 21st. Finally, Mizuho upped their target price on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $111.82.

Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 1.08% during midday trading on Friday, reaching $104.96. The company’s stock had a trading volume of 1,453,941 shares. The stock has a 50-day moving average price of $103.91 and a 200 day moving average price of $102.78. Skyworks Solutions, Inc. has a 12 month low of $71.65 and a 12 month high of $112.11. The company has a market cap of $19.29 billion, a PE ratio of 20.15 and a beta of 0.89.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. During the same period in the previous year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. Analysts expect that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current fiscal year.

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In related news, insider Liam Griffin sold 2,610 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the completion of the transaction, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The disclosure for this sale can be found here. Insiders sold 28,229 shares of company stock valued at $2,921,104 over the last quarter. 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.

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

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