Skyworks Solutions Inc (SWKS) : Dumont Blake Investment Advisors reduced its stake in Skyworks Solutions Inc by 2.58% during the most recent quarter end. The investment management company now holds a total of 16,601 shares of Skyworks Solutions Inc which is valued at $1,068,938 after selling 440 shares in Skyworks Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Skyworks Solutions Inc makes up approximately 0.53% of Dumont Blake Investment Advisors’s portfolio.
Other Hedge Funds, Including , Roanoke Asset Management Corp Ny reduced its stake in SWKS by selling 55 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 21,700 shares of SWKS which is valued at $1,397,263. Skyworks Solutions Inc makes up approx 0.61% of Roanoke Asset Management Corp Ny’s portfolio.Meeder Asset Management Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 4,173 additional shares and now holds a total of 6,518 shares of Skyworks Solutions Inc which is valued at $422,432. Skyworks Solutions Inc makes up approx 0.04% of Meeder Asset Management Inc’s portfolio. Sumitomo Life Insurance Co sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 10,177 shares of SWKS which is valued $699,160.Braver Wealth Management boosted its stake in SWKS in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 39,110 shares of Skyworks Solutions Inc which is valued at $2,555,839. Skyworks Solutions Inc makes up approx 0.43% of Braver Wealth Management’s portfolio.
Skyworks Solutions Inc closed down -0.61 points or -0.92% at $65.94 with 12,36,290 shares getting traded on Monday. Post opening the session at $66.57, the shares hit an intraday low of $65.72 and an intraday high of $67.22 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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.