Argent Capital Management Lowers stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Argent Capital Management reduced its stake in Skyworks Solutions Inc by 0.77% during the most recent quarter end. The investment management company now holds a total of 714,626 shares of Skyworks Solutions Inc which is valued at $48,172,939 after selling 5,510 shares in Skyworks Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Skyworks Solutions Inc makes up approximately 2.04% of Argent Capital Management’s portfolio.

Other Hedge Funds, Including , Zweig-dimenna Associates reduced its stake in SWKS by selling 816 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 100,000 shares of SWKS which is valued at $6,741,000. Skyworks Solutions Inc makes up approx 0.65% of Zweig-dimenna Associates’s portfolio.Fuller Thaler Asset Management boosted its stake in SWKS in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 1,800 shares of Skyworks Solutions Inc which is valued at $119,790.Sheaff Brock Investment Advisors reduced its stake in SWKS by selling 3,228 shares or 19.33% in the most recent quarter. The Hedge Fund company now holds 13,468 shares of SWKS which is valued at $896,295. Skyworks Solutions Inc makes up approx 0.11% of Sheaff Brock Investment Advisors’s portfolio. Gsa Capital Partners Llp added SWKS to its portfolio by purchasing 27,462 company shares during the most recent quarter which is valued at $1,827,596. Skyworks Solutions Inc makes up approx 0.10% of Gsa Capital Partners Llp’s portfolio.Cambridge Investment Research Advisors reduced its stake in SWKS by selling 12,101 shares or 38.41% in the most recent quarter. The Hedge Fund company now holds 19,402 shares of SWKS which is valued at $1,291,203. Skyworks Solutions Inc makes up approx 0.03% of Cambridge Investment Research Advisors’s portfolio.

Skyworks Solutions Inc opened for trading at $67.61 and hit $69.59 on the upside on Monday, eventually ending the session at $69.5, with a gain of 2.92% or 1.97 points. The heightened volatility saw the trading volume jump to 22,18,252 shares. Company has a market cap of $13,031 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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