Millie Capital Management buys $2,032,130 stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Millie Capital Management scooped up 253 additional shares in Skyworks Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 30,412 shares of Skyworks Solutions Inc which is valued at $2,032,130.Skyworks Solutions Inc makes up approximately 2.17% of Millie Capital Management’s portfolio.

Skyworks Solutions Inc opened for trading at $66.77 and hit $67.28 on the upside on Monday, eventually ending the session at $67.12, with a gain of 0.45% or 0.3 points. The heightened volatility saw the trading volume jump to 38,73,318 shares. Company has a market cap of $12,865 M.

Other Hedge Funds, Including , Sigma Investment Counselors Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 1,590 additional shares and now holds a total of 29,943 shares of Skyworks Solutions Inc which is valued at $2,000,791. Skyworks Solutions Inc makes up approx 0.35% of Sigma Investment Counselors Inc’s portfolio.Integrated Wealth Management reduced its stake in SWKS by selling 300 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 300 shares of SWKS which is valued at $21,450. Skyworks Solutions Inc makes up approx 0.01% of Integrated Wealth Management’s portfolio. Carl Domino Inc sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 9,825 shares of SWKS which is valued $702,488. Mcnamara Financial Services sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 36,311 shares of SWKS which is valued $2,725,504.Central Trust Co boosted its stake in SWKS in the latest quarter, The investment management firm added 6,465 additional shares and now holds a total of 10,362 shares of Skyworks Solutions Inc which is valued at $777,772. Skyworks Solutions Inc makes up approx 0.06% of Central Trust Co’s portfolio.

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 Mizuho on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 99 from a previous price target of $105 .Shares were Reiterated by Cowen on Apr 29, 2016 to “Market Perform” and Lowered the Price Target to $ 76 from a previous price target of $78 .Shares were Reiterated by Topeka Capital Markets on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $90 .

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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