Skyworks Solutions Inc (NASDAQ:SWKS) Shares Sold by WINTON GROUP Ltd

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WINTON GROUP Ltd decreased its holdings in Skyworks Solutions Inc (NASDAQ:SWKS) by 10.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,397 shares of the semiconductor manufacturer’s stock after selling 11,341 shares during the quarter. WINTON GROUP Ltd owned 0.05% of Skyworks Solutions worth $9,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cim LLC raised its holdings in Skyworks Solutions by 12.1% in the second quarter. Cim LLC now owns 4,710 shares of the semiconductor manufacturer’s stock valued at $455,000 after acquiring an additional 507 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in Skyworks Solutions by 6.8% in the second quarter. Pittenger & Anderson Inc. now owns 8,670 shares of the semiconductor manufacturer’s stock valued at $838,000 after acquiring an additional 550 shares in the last quarter. Country Club Trust Company n.a. raised its holdings in Skyworks Solutions by 26.7% in the second quarter. Country Club Trust Company n.a. now owns 2,796 shares of the semiconductor manufacturer’s stock valued at $270,000 after acquiring an additional 589 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in Skyworks Solutions by 17.8% in the second quarter. Wetherby Asset Management Inc. now owns 4,163 shares of the semiconductor manufacturer’s stock valued at $402,000 after acquiring an additional 630 shares in the last quarter. Finally, HL Financial Services LLC raised its holdings in Skyworks Solutions by 3.5% in the second quarter. HL Financial Services LLC now owns 18,491 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after acquiring an additional 632 shares in the last quarter. 80.79% of the stock is owned by institutional investors and hedge funds.

NASDAQ SWKS traded up $1.95 on Friday, reaching $87.21. The company had a trading volume of 1,739,766 shares, compared to its average volume of 2,102,210. The stock has a market cap of $16.24 billion, a PE ratio of 14.58, a P/E/G ratio of 1.00 and a beta of 0.60. Skyworks Solutions Inc has a 1 year low of $83.05 and a 1 year high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.04. The business had revenue of $894.30 million for the quarter, compared to analyst estimates of $889.00 million. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. Equities analysts anticipate that Skyworks Solutions Inc will post 6.61 EPS for the current fiscal year.

In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $93.03, for a total value of $930,300.00. Following the sale, the director now directly owns 152,252 shares of the company’s stock, valued at $14,164,003.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David J. Aldrich sold 5,500 shares of the firm’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $90.48, for a total value of $497,640.00. Following the transaction, the director now directly owns 147,752 shares in the company, valued at $13,368,600.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,500 shares of company stock worth $4,495,380. Corporate insiders own 0.47% of the company’s stock.

Several brokerages recently weighed in on SWKS. Cowen reaffirmed a “hold” rating and issued a $105.00 target price (up previously from $100.00) on shares of Skyworks Solutions in a report on Friday, July 20th. DA Davidson cut their price objective on shares of Skyworks Solutions to $125.00 and set a “buy” rating on the stock in a report on Friday, July 20th. B. Riley lifted their price objective on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Craig Hallum restated a “buy” rating and set a $120.00 target price (up from $115.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. Finally, Canaccord Genuity restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research report on Friday, July 20th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $114.78.

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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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