Tokio Marine Asset Management Co. Ltd. maintained its position in shares of Skyworks Solutions Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,691 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $423,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Skyworks Solutions by 220.3% in the first quarter. Wellington Management Group LLP now owns 6,231,589 shares of the semiconductor manufacturer’s stock worth $485,441,000 after buying an additional 4,286,283 shares during the last quarter. Villere ST Denis J & Co. LLC bought a new position in shares of Skyworks Solutions during the second quarter worth about $66,184,000. JPMorgan Chase & Co. increased its position in shares of Skyworks Solutions by 568.4% in the first quarter. JPMorgan Chase & Co. now owns 849,066 shares of the semiconductor manufacturer’s stock worth $66,142,000 after buying an additional 1,030,325 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Skyworks Solutions by 709.2% in the first quarter. Lazard Asset Management LLC now owns 1,163,126 shares of the semiconductor manufacturer’s stock worth $90,607,000 after buying an additional 1,019,385 shares during the last quarter. Finally, Capital Growth Management LP bought a new position in shares of Skyworks Solutions during the first quarter worth about $42,066,000. 76.66% of the stock is currently owned by institutional investors.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 0.98% on Monday, hitting $80.15. The stock had a trading volume of 2,328,072 shares. The company has a market cap of $15.03 billion, a PE ratio of 15.87 and a beta of 1.06. The company has a 50-day moving average of $74.30 and a 200 day moving average of $69.57. Skyworks Solutions Inc. has a 12 month low of $54.50 and a 12 month high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The firm earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. On average, analysts predict that Skyworks Solutions Inc. will post $5.53 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $93.00 price objective on shares of Skyworks Solutions in a research report on Monday, July 25th. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $70.16 price objective on the stock. in a research report on Monday, July 11th. BMO Capital Markets reissued a “hold” rating and set a $65.00 price objective on shares of Skyworks Solutions in a research report on Friday, July 22nd. Pacific Crest reissued an “equal weight” rating and set a $70.00 price objective on shares of Skyworks Solutions in a research report on Monday, July 25th. Finally, Zacks Investment Research raised shares of Skyworks Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and an average price target of $82.91.
In related news, VP Mark V. B. Tremallo sold 17,100 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $76.40, for a total transaction of $1,306,440.00. Following the completion of the transaction, the vice president now directly owns 14,998 shares in the company, valued at $1,145,847.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Furey sold 5,000 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $74.87, for a total value of $374,350.00. Following the transaction, the director now owns 34,947 shares of the company’s stock, valued at $2,616,481.89. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
About Skyworks Solutions
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.
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