Horizon Investment Services Lowers stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Horizon Investment Services reduced its stake in Skyworks Solutions Inc by 7.67% during the most recent quarter end. The investment management company now holds a total of 76,628 shares of Skyworks Solutions Inc which is valued at $5,174,689 after selling 6,366 shares in Skyworks Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Skyworks Solutions Inc makes up approximately 2.49% of Horizon Investment Services’s portfolio.

Other Hedge Funds, Including , Harvest Capital Strategies reduced its stake in SWKS by selling 3,691 shares or 10.4% in the most recent quarter. The Hedge Fund company now holds 31,788 shares of SWKS which is valued at $2,146,644. Skyworks Solutions Inc makes up approx 0.35% of Harvest Capital Strategies’s portfolio.Connors Investor Services Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 3,107 additional shares and now holds a total of 76,630 shares of Skyworks Solutions Inc which is valued at $5,174,824. Skyworks Solutions Inc makes up approx 0.93% of Connors Investor Services Inc’s portfolio.Ubs Asset Management Americas Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 143,919 additional shares and now holds a total of 1,078,471 shares of Skyworks Solutions Inc which is valued at $72,699,730. Skyworks Solutions Inc makes up approx 0.08% of Ubs Asset Management Americas Inc’s portfolio. Thompson Davis sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 10 shares of SWKS which is valued $659.Janney Montgomery Scott boosted its stake in SWKS in the latest quarter, The investment management firm added 5,389 additional shares and now holds a total of 18,354 shares of Skyworks Solutions Inc which is valued at $1,221,459. Skyworks Solutions Inc makes up approx 0.02% of Janney Montgomery Scott’s portfolio.

Skyworks Solutions Inc opened for trading at $74.79 and hit $75.19 on the upside on Thursday, eventually ending the session at $75.09, with a gain of 0.31% or 0.23 points. The heightened volatility saw the trading volume jump to 20,95,130 shares. Company has a market cap of $14,079 M.

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.

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