Lazard Asset Management buys $363,414,046 stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Lazard Asset Management scooped up 4,218,394 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 15, 2016. The investment management firm now holds a total of 5,381,520 shares of Skyworks Solutions Inc which is valued at $363,414,046.Skyworks Solutions Inc makes up approximately 0.81% of Lazard Asset Management’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in SWKS in the latest quarter, The investment management firm added 14,531 additional shares and now holds a total of 138,475 shares of Skyworks Solutions Inc which is valued at $9,351,217. Skyworks Solutions Inc makes up approx 0.04% of Envestnet Asset Management Inc’s portfolio.Cleararc Capital Inc reduced its stake in SWKS by selling 46 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 4,637 shares of SWKS which is valued at $313,137. Skyworks Solutions Inc makes up approx 0.06% of Cleararc Capital Inc’s portfolio.Bryn Mawr Trust Co boosted its stake in SWKS in the latest quarter, The investment management firm added 6,984 additional shares and now holds a total of 51,754 shares of Skyworks Solutions Inc which is valued at $3,494,948. Skyworks Solutions Inc makes up approx 0.21% of Bryn Mawr Trust Co’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in SWKS in the latest quarter, The investment management firm added 45,819 additional shares and now holds a total of 275,846 shares of Skyworks Solutions Inc which is valued at $18,357,551. Skyworks Solutions Inc makes up approx 0.06% of State Board Of Administration Of Florida Retirement System’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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