Capital Investment Counsel Inc buys $3,200,719 stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Capital Investment Counsel Inc scooped up 3,696 additional shares in Skyworks Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 47,397 shares of Skyworks Solutions Inc which is valued at $3,200,719.Skyworks Solutions Inc makes up approximately 1.59% of Capital Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Apg Asset Management N.v. boosted its stake in SWKS in the latest quarter, The investment management firm added 38,200 additional shares and now holds a total of 254,370 shares of Skyworks Solutions Inc which is valued at $17,177,606. Skyworks Solutions Inc makes up approx 0.03% of Apg Asset Management N.v.’s portfolio.Vanguard Group Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 212,799 additional shares and now holds a total of 16,889,062 shares of Skyworks Solutions Inc which is valued at $1,140,518,357. Skyworks Solutions Inc makes up approx 0.07% of Vanguard Group Inc’s portfolio. Ipswich Investment Management sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 1,085 shares of SWKS which is valued $69,863.Eagle Asset Management Inc reduced its stake in SWKS by selling 85,383 shares or 21.07% in the most recent quarter. The Hedge Fund company now holds 319,789 shares of SWKS which is valued at $22,222,138. Skyworks Solutions Inc makes up approx 0.15% of Eagle Asset Management Inc’s portfolio.Gofen Glossberg Il boosted its stake in SWKS in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 3,361 shares of Skyworks Solutions Inc which is valued at $219,641. Skyworks Solutions Inc makes up approx 0.01% of Gofen Glossberg Il’s portfolio.

Skyworks Solutions Inc opened for trading at $73.13 and hit $73.8999 on the upside on Tuesday, eventually ending the session at $73.78, with a gain of 1.60% or 1.16 points. The heightened volatility saw the trading volume jump to 17,71,657 shares. Company has a market cap of $13,833 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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