Zweig-dimenna Associates Lowers stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Zweig-dimenna Associates reduced its stake in Skyworks Solutions Inc by 0.81% during the most recent quarter end. The investment management company now holds a total of 100,000 shares of Skyworks Solutions Inc which is valued at $6,741,000 after selling 816 shares in Skyworks Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Skyworks Solutions Inc makes up approximately 0.65% of Zweig-dimenna Associates’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. reduced its stake in SWKS by selling 14,842 shares or 37.68% in the most recent quarter. The Hedge Fund company now holds 24,552 shares of SWKS which is valued at $1,655,050. Skyworks Solutions Inc makes up approx 0.01% of Bnp Paribas Investment Partners S.a.’s portfolio.Commonwealth Equity Services Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 1,025 additional shares and now holds a total of 34,306 shares of Skyworks Solutions Inc which is valued at $2,283,064. Skyworks Solutions Inc makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio. Courier Capital Corp sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 2,771 shares of SWKS which is valued $178,425.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.

Skyworks Solutions Inc opened for trading at $67.61 and hit $69.59 on the upside on Monday, eventually ending the session at $69.5, with a gain of 2.92% or 1.97 points. The heightened volatility saw the trading volume jump to 22,18,252 shares. Company has a market cap of $13,031 M.

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. Skyworks Solutions Inc was Upgraded by CLSA to ” Outperform” on Aug 9, 2016. 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.

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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