Stifel Financial Corp Sells 2,758 Shares of Skyworks Solutions, Inc. (SWKS)

Stifel Financial Corp lowered its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,376 shares of the semiconductor manufacturer’s stock after selling 2,758 shares during the period. Stifel Financial Corp’s holdings in Skyworks Solutions were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Numeric Investors LLC bought a new position in shares of Skyworks Solutions during the second quarter worth approximately $345,000. Zacks Investment Management increased its stake in shares of Skyworks Solutions by 1.3% during the second quarter. Zacks Investment Management now owns 9,377 shares of the semiconductor manufacturer’s stock worth $900,000 after purchasing an additional 121 shares during the period. Voya Investment Management LLC increased its stake in shares of Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock worth $123,813,000 after purchasing an additional 1,167,942 shares during the period. Bank of Hawaii increased its stake in shares of Skyworks Solutions by 35.0% during the second quarter. Bank of Hawaii now owns 3,145 shares of the semiconductor manufacturer’s stock worth $302,000 after purchasing an additional 815 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in shares of Skyworks Solutions by 11.5% during the second quarter. Ontario Teachers Pension Plan Board now owns 12,549 shares of the semiconductor manufacturer’s stock worth $1,204,000 after purchasing an additional 1,294 shares during the period. Institutional investors own 80.84% of the company’s stock.

In related news, insider Liam Griffin sold 8,056 shares of Skyworks Solutions stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the transaction, the insider now owns 54,310 shares in the company, valued at approximately $5,719,386.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the transaction, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders sold 28,229 shares of company stock worth $2,921,104 in the last 90 days. 0.49% of the stock is currently owned by corporate insiders.

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Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 104.35 on Wednesday. The stock has a 50 day moving average price of $104.08 and a 200-day moving average price of $102.99. The stock has a market cap of $19.17 billion, a P/E ratio of 20.03 and a beta of 0.89. Skyworks Solutions, Inc. has a 52 week low of $71.65 and a 52 week high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter last year, the company posted $1.24 earnings per share. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.

A number of equities analysts have commented on SWKS shares. Raymond James Financial, Inc. restated an “outperform” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research note on Friday, June 16th. Pacific Crest restated an “overweight” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, June 21st. BidaskClub lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Argus started coverage on Skyworks Solutions in a research note on Thursday, July 6th. They set a “buy” rating and a $120.00 price objective on the stock. Finally, KeyCorp restated an “overweight” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average target price of $112.02.

Skyworks Solutions Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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

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