Skyworks Solutions Inc (SWKS) : North Point Portfolio Managers Corpoh reduced its stake in Skyworks Solutions Inc by 4.11% during the most recent quarter end. The investment management company now holds a total of 197,043 shares of Skyworks Solutions Inc which is valued at $13,097,448 after selling 8,440 shares in Skyworks Solutions Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Skyworks Solutions Inc makes up approximately 2.50% of North Point Portfolio Managers Corpoh’s portfolio.
Other Hedge Funds, Including , American Century Companies Inc sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 556,432 shares of SWKS which is valued $36,986,035.New Century Investment Management Inc reduced its stake in SWKS by selling 18,651 shares or 36.18% in the most recent quarter. The Hedge Fund company now holds 32,900 shares of SWKS which is valued at $2,132,249. Skyworks Solutions Inc makes up approx 1.10% of New Century Investment Management Inc’s portfolio.Arcadia Investment Management Corpmi boosted its stake in SWKS in the latest quarter, The investment management firm added 389 additional shares and now holds a total of 729 shares of Skyworks Solutions Inc which is valued at $50,082. Skyworks Solutions Inc makes up approx 0.02% of Arcadia Investment Management Corpmi’s portfolio.Creative Planning boosted its stake in SWKS in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 64,576 shares of Skyworks Solutions Inc which is valued at $4,220,042. Skyworks Solutions Inc makes up approx 0.03% of Creative Planning’s portfolio.First Western Capital Management Co reduced its stake in SWKS by selling 13,600 shares or 30.51% in the most recent quarter. The Hedge Fund company now holds 30,982 shares of SWKS which is valued at $2,024,674. Skyworks Solutions Inc makes up approx 0.72% of First Western Capital Management Co’s portfolio.
Skyworks Solutions Inc closed down -0.45 points or -0.68% at $66.02 with 15,76,995 shares getting traded on Friday. Post opening the session at $66.48, the shares hit an intraday low of $65.5 and an intraday high of $66.7 and the price fluctuated in this range throughout the day.Shares ended Friday 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.