Lenox Wealth Management Inc. boosted its stake in shares of Skyworks Solutions Inc (NASDAQ:SWKS) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,477 shares of the semiconductor manufacturer’s stock after acquiring an additional 103 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Skyworks Solutions were worth $671,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of SWKS. Mechanics Bank Trust Department purchased a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $25,000. Squar Milner Financial Services LLC grew its position in Skyworks Solutions by 492.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 266 shares during the period. Next Capital Management LLC grew its position in Skyworks Solutions by 118.7% during the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 184 shares during the period. Cribstone Capital Management LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth about $37,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $37,000. 81.81% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on SWKS shares. Cowen upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the company from $80.00 to $95.00 in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on shares of Skyworks Solutions from $80.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Canaccord Genuity decreased their target price on shares of Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Raymond James raised shares of Skyworks Solutions from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $88.55.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.14. The firm had revenue of $767.00 million for the quarter, compared to the consensus estimate of $767.71 million. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. Skyworks Solutions’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS. On average, equities analysts anticipate that Skyworks Solutions Inc will post 5.72 earnings per share for the current year.
In other Skyworks Solutions news, CEO Liam Griffin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $90.59, for a total transaction of $452,950.00. Following the transaction, the chief executive officer now owns 70,320 shares of the company’s stock, valued at approximately $6,370,288.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David J. Aldrich sold 999 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $76.45, for a total transaction of $76,373.55. Following the transaction, the director now directly owns 204,031 shares in the company, valued at approximately $15,598,169.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,002 shares of company stock worth $1,282,604. 0.64% of the stock is currently owned by insiders.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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