Portland Global Advisors Exits Position in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Portland Global Advisors has sold out all of its stake in Skyworks Solutions Inc during the most recent quarter, according to the disclosure filed by the company on Jul 26, 2016 with the SEC. The investment management company has sold out 3,054 shares of Skyworks Solutions Inc which is valued at $202,999.

Other Hedge Funds, Including , Pggm Investments boosted its stake in SWKS in the latest quarter, The investment management firm added 310,401 additional shares and now holds a total of 576,392 shares of Skyworks Solutions Inc which is valued at $38,312,776. Skyworks Solutions Inc makes up approx 0.19% of Pggm Investments’s portfolio.First National Bank Of Hutchinson reduced its stake in SWKS by selling 6,619 shares or 38.75% in the most recent quarter. The Hedge Fund company now holds 10,464 shares of SWKS which is valued at $695,542. Skyworks Solutions Inc makes up approx 0.43% of First National Bank Of Hutchinson’s portfolio.Cornerstone Advisors reduced its stake in SWKS by selling 66 shares or 72.53% in the most recent quarter. The Hedge Fund company now holds 25 shares of SWKS which is valued at $1,662. Beacon Financial Group sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 7,328 shares of SWKS which is valued $478,885.

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.

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