Pensionfund Dsm Netherlands buys $3.5 Million stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Pensionfund Dsm Netherlands scooped up 4,500 additional shares in Skyworks Solutions Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 46,500 shares of Skyworks Solutions Inc which is valued at $3.5 Million.Skyworks Solutions Inc makes up approximately 0.48% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including , Pensionfund Sabic boosted its stake in SWKS in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 22,000 shares of Skyworks Solutions Inc which is valued at $1.7 Million. Skyworks Solutions Inc makes up approx 0.51% of Pensionfund Sabic’s portfolio.Beacon Financial Group reduced its stake in SWKS by selling 80 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 7,328 shares of SWKS which is valued at $572,903. Skyworks Solutions Inc makes up approx 0.12% of Beacon Financial Group’s portfolio.

On the company’s financial health, Skyworks Solutions Inc reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.58. The company had revenue of $926.80 million for the quarter, compared to analysts expectations of $920.03 million. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.

Many Wall Street Analysts have commented on Skyworks Solutions Inc. Skyworks Solutions Inc was Downgraded by Citigroup to ” Neutral” on Mar 29, 2016. Skyworks Solutions Inc was Upgraded by Goldman to ” Buy” on Feb 3, 2016. Shares were Reiterated by Craig Hallum on Jan 29, 2016 to “Buy” and Lowered the Price Target to $ 90 from a previous price target of $100 .

Skyworks Solutions Inc closed down -1.29 points or -1.67% at $76.07 with 20,03,543 shares getting traded on Monday. Post opening the session at $77.73, the shares hit an intraday low of $76.02 and an intraday high of $78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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