Skyworks Solutions Inc (SWKS) : Taylor Wealth Management Partners reduced its stake in Skyworks Solutions Inc by 24.75% during the most recent quarter end. The investment management company now holds a total of 55,345 shares of Skyworks Solutions Inc which is valued at $3,563,665 after selling 18,200 shares in Skyworks Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Skyworks Solutions Inc makes up approximately 1.41% of Taylor Wealth Management Partners’s portfolio.
Other Hedge Funds, Including , Exane Derivatives boosted its stake in SWKS in the latest quarter, The investment management firm added 114 additional shares and now holds a total of 313 shares of Skyworks Solutions Inc which is valued at $20,154.Oregon Public Employees Retirement Fund boosted its stake in SWKS in the latest quarter, The investment management firm added 4,456 additional shares and now holds a total of 34,762 shares of Skyworks Solutions Inc which is valued at $2,238,325. Skyworks Solutions Inc makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Pennsylvania Trust Co reduced its stake in SWKS by selling 65 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 4,485 shares of SWKS which is valued at $311,663. Skyworks Solutions Inc makes up approx 0.02% of Pennsylvania Trust Co’s portfolio.Piershale Financial Group boosted its stake in SWKS in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 770 shares of Skyworks Solutions Inc which is valued at $52,899. Skyworks Solutions Inc makes up approx 0.04% of Piershale Financial Group’s portfolio. Raymond James Trust N.a. sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 3,701 shares of SWKS which is valued $232,830.
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. 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.