Gavekal Capital adds Skyworks Solutions Inc (SWKS) to its portfolio

Skyworks Solutions Inc (SWKS) : Gavekal Capital added new position in Skyworks Solutions Inc during the most recent quarter end. The investment management firm now holds 127,245 shares of Skyworks Solutions Inc which is valued at $9,878,029 , the company said in a statement filed on Oct 17, 2016 with the SEC.Skyworks Solutions Inc makes up approximately 3.37% of Gavekal Capital’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management added SWKS to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $7,763.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in SWKS in the latest quarter, The investment management firm added 1,501 additional shares and now holds a total of 45,767 shares of Skyworks Solutions Inc which is valued at $3,552,892. Skyworks Solutions Inc makes up approx 0.08% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Nisa Investment Advisors boosted its stake in SWKS in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 36,500 shares of Skyworks Solutions Inc which is valued at $2,899,195. Skyworks Solutions Inc makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SWKS in the latest quarter, The investment management firm added 10,415 additional shares and now holds a total of 45,177 shares of Skyworks Solutions Inc which is valued at $3,620,937. Skyworks Solutions Inc makes up approx 0.08% of Oregon Public Employees Retirement Fund’s portfolio.

Skyworks Solutions Inc opened for trading at $77.86 and hit $79.49 on the upside on Friday, eventually ending the session at $77.63, with a gain of 0.28% or 0.22 points. The heightened volatility saw the trading volume jump to 20,67,851 shares. Company has a market cap of $14,555 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 Charter Equity to ” Buy” on Oct 4, 2016. 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. 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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