Oakworth Capital Lowers stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Oakworth Capital reduced its stake in Skyworks Solutions Inc by 49.72% during the most recent quarter end. The investment management company now holds a total of 55,784 shares of Skyworks Solutions Inc which is valued at $3,615,361 after selling 55,169 shares in Skyworks Solutions Inc , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Skyworks Solutions Inc makes up approximately 1.29% of Oakworth Capital’s portfolio.

Other Hedge Funds, Including , Hartford Investment Management Co reduced its stake in SWKS by selling 1,084 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 46,645 shares of SWKS which is valued at $3,023,062. Skyworks Solutions Inc makes up approx 0.06% of Hartford Investment Management Co’s portfolio.Gradient Investments reduced its stake in SWKS by selling 256 shares or 6.03% in the most recent quarter. The Hedge Fund company now holds 3,987 shares of SWKS which is valued at $273,907. Skyworks Solutions Inc makes up approx 0.03% of Gradient Investments’s portfolio.Capstone Asset Management Co boosted its stake in SWKS in the latest quarter, The investment management firm added 2,060 additional shares and now holds a total of 23,771 shares of Skyworks Solutions Inc which is valued at $1,553,435. Skyworks Solutions Inc makes up approx 0.05% of Capstone Asset Management Co’s portfolio. Raymond James Trust N.a. sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 3,701 shares of SWKS which is valued $232,830.

Skyworks Solutions Inc (SWKS) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $66.17 and reached the intraday high at $66.59. The bulls started the profit booking and pushed the shares to intraday low of $65.2. The trading session was marked by a volume range of 23,32,068 shares exchanging hands. The 52-week high of the shares is $97.215 and the 52-week low is $54.5. The market cap of the company stands at $12,645 M and there are 19,02,38,140 shares in public circulation.

On the company’s financial health, Skyworks Solutions Inc reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.24. The company had revenue of $775.10 million for the quarter, compared to analysts expectations of $775.49 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Skyworks Solutions Inc. Shares were Reiterated by Cowen on Jul 22, 2016 to “Market Perform” and Lowered the Price Target to $ 72 from a previous price target of $76 .Skyworks Solutions Inc was Downgraded by Pacific Crest to ” Sector Weight” on Jul 5, 2016. Mizuho Downgraded Skyworks Solutions Inc on Jul 1, 2016 to ” Neutral”, Price Target of the shares are set at $68.

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive broadband wireless infrastructure energy management Global Positioning System (GPS) industrial medical military wireless networking smartphone and tablet applications. The Company’s portfolio includes amplifiers attenuators circulators demodulators detectors diodes directional couplers front-end modules hybrids infrastructure radio frequency (RF) subsystems isolators lighting and display solutions mixers modulators optocouplers optoisolators phase shifters phase locked loops (PLLs) synthesizers voltage controlled oscillator power dividers (VCOs) power dividers/combiners power management devices receivers switches and technical ceramics. The Company’s products include Front-end Modules and Amplifiers Wireless Infrastructure Power Management Precision Analog Components WiFi Connectivity and Smart Energy.

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