Oakworth Capital buys $6.7 Million stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Oakworth Capital scooped up 5,401 additional shares in Skyworks Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 110,953 shares of Skyworks Solutions Inc which is valued at $6.7 Million.Skyworks Solutions Inc makes up approximately 2.72% of Oakworth Capital’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in SWKS by selling 128,556 shares or 57.12% in the most recent quarter. The Hedge Fund company now holds 96,494 shares of SWKS which is valued at $5.9 Million. Skyworks Solutions Inc makes up approx 0.04% of Nuveen Asset Management’s portfolio.S&t Bankpa boosted its stake in SWKS in the latest quarter, The investment management firm added 15,730 additional shares and now holds a total of 268,413 shares of Skyworks Solutions Inc which is valued at $16.3 Million. Skyworks Solutions Inc makes up approx 2.83% of S&t Bankpa’s portfolio.Cibc World Markets reduced its stake in SWKS by selling 664 shares or 7.73% in the most recent quarter. The Hedge Fund company now holds 7,931 shares of SWKS which is valued at $512,581.Capital Investment Counsel Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 13,805 additional shares and now holds a total of 43,701 shares of Skyworks Solutions Inc which is valued at $2.8 Million. Skyworks Solutions Inc makes up approx 1.49% of Capital Investment Counsel Inc’s portfolio.Moody Lynn Lieberson reduced its stake in SWKS by selling 145 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 8,621 shares of SWKS which is valued at $557,175. Skyworks Solutions Inc makes up approx 0.09% of Moody Lynn Lieberson’s portfolio.

Skyworks Solutions Inc closed down -0.19 points or -0.29% at $66.27 with 23,89,482 shares getting traded on Wednesday. Post opening the session at $66.45, the shares hit an intraday low of $65.11 and an intraday high of $66.7849 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Initiated by Credit Agricole to “Underperform” on May 25, 2016. 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 .

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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