Midas Management Corp held its position in Skyworks Solutions Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Midas Management Corp’s holdings in Skyworks Solutions were worth $949,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its position in Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock valued at $150,000 after buying an additional 673 shares during the period. Meeder Asset Management Inc. bought a new position in Skyworks Solutions during the first quarter valued at $182,000. Parametric Risk Advisors LLC bought a new position in Skyworks Solutions during the first quarter valued at $192,000. NN Investment Partners Holdings N.V. bought a new position in Skyworks Solutions during the first quarter valued at $211,000. Finally, Gofen & Glossberg LLC IL boosted its position in Skyworks Solutions by 12.0% in the second quarter. Gofen & Glossberg LLC IL now owns 3,361 shares of the semiconductor manufacturer’s stock valued at $213,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 76.67% of the company’s stock.
Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 1.24% on Tuesday, reaching $77.65. 1,112,164 shares of the company’s stock traded hands. Skyworks Solutions Inc. has a 52-week low of $54.50 and a 52-week high of $88.52. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 15.38 and a beta of 1.06. The company’s 50 day moving average is $75.20 and its 200-day moving average is $69.57.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The firm earned $751.70 million during the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. Equities analysts expect that Skyworks Solutions Inc. will post $5.53 EPS for the current year.
Several research analysts recently weighed in on the stock. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $77.08 price objective for the company. in a research report on Thursday, September 15th. Canaccord Genuity restated a “buy” rating and issued a $92.00 price objective on shares of Skyworks Solutions in a research report on Friday, September 23rd. Mizuho restated a “neutral” rating and issued a $68.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, August 31st. Morgan Stanley assumed coverage on shares of Skyworks Solutions in a research report on Monday, June 27th. They issued an “underweight” rating and a $61.00 price objective for the company. Finally, BMO Capital Markets reiterated a “hold” rating and set a $65.00 target price on shares of Skyworks Solutions in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.09.
In other news, VP Mark V. B. Tremallo sold 7,692 shares of Skyworks Solutions stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $75.64, for a total transaction of $581,822.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy R. Furey sold 5,000 shares of Skyworks Solutions stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $74.87, for a total transaction 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. Insiders own 0.62% of the company’s stock.
Skyworks Solutions Company Profile
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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