Eqis Capital Management Inc. raised its position in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 10.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,226 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,271 shares during the period. Eqis Capital Management Inc.’s holdings in Skyworks Solutions were worth $1,348,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Girard Partners LTD. boosted its holdings in shares of 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 acquiring an additional 16 shares during the period. Cadence Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 21 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in shares of 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 acquiring an additional 35 shares during the period. Montag A & Associates Inc. boosted its holdings in shares of 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 acquiring an additional 41 shares during the period. Finally, Krilogy Financial LLC boosted its holdings in shares of Skyworks Solutions by 1.9% during the second quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock worth $262,000 after acquiring an additional 50 shares during the period. Institutional investors own 80.82% of the company’s stock.

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Skyworks Solutions Inc (NASDAQ:SWKS) traded up 0.93% during mid-day trading on Friday, reaching $104.28. The company had a trading volume of 587,990 shares. Skyworks Solutions Inc has a 12-month low of $71.65 and a 12-month high of $112.11. The firm has a 50-day moving average price of $104.82 and a 200 day moving average price of $103.33. The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 20.02 and a beta of 0.89.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The company had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a net margin of 27.33% and a return on equity of 25.68%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS. Analysts expect that Skyworks Solutions Inc will post $6.39 EPS for the current year.

SWKS has been the subject of a number of research analyst reports. Citigroup Inc. upgraded Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Tuesday, September 5th. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price objective for the company in a report on Tuesday, August 29th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Monday, August 28th. BMO Capital Markets restated a “hold” rating and set a $100.00 price objective on shares of Skyworks Solutions in a report on Friday, July 21st. Finally, KeyCorp restated a “buy” rating and set a $120.00 price objective on shares of Skyworks Solutions in a report on Friday, September 1st. 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 given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $112.40.

In related news, insider Liam Griffin sold 2,610 shares of Skyworks Solutions 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 transaction, the insider now owns 50,408 shares in the company, valued at approximately $5,039,791.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine King sold 3,705 shares of Skyworks Solutions 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 in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,229 shares of company stock worth $2,921,104. 0.49% of the stock is owned by corporate insiders.

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.

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

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