Hamilton Point Investment Advisors LLC Raises Position in Skyworks Solutions Inc (NASDAQ:SWKS)
Hamilton Point Investment Advisors LLC boosted its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,883 shares of the semiconductor manufacturer’s stock after buying an additional 415 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Skyworks Solutions were worth $2,541,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC lifted its holdings in Skyworks Solutions by 63.8% in the first quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after buying an additional 1,370,337 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Skyworks Solutions by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock valued at $180,234,000 after purchasing an additional 242,983 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Skyworks Solutions by 46.9% during the fourth quarter. Deutsche Bank AG now owns 1,875,809 shares of the semiconductor manufacturer’s stock valued at $125,710,000 after purchasing an additional 598,980 shares during the last quarter. Norges Bank purchased a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $121,517,000. Finally, First Trust Advisors LP lifted its holdings in shares of Skyworks Solutions by 11.1% during the first quarter. First Trust Advisors LP now owns 1,629,556 shares of the semiconductor manufacturer’s stock valued at $134,406,000 after purchasing an additional 162,995 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.
In other news, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $85.88, for a total transaction of $858,800.00. Following the completion of the sale, the director now owns 213,032 shares of the company’s stock, valued at approximately $18,295,188.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David J. Aldrich sold 5,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $83.13, for a total transaction of $415,650.00. Following the sale, the director now directly owns 203,032 shares of the company’s stock, valued at approximately $16,878,050.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,000 shares of company stock valued at $4,631,053. 0.64% of the stock is currently owned by insiders.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. The business had revenue of $810.40 million during the quarter, compared to the consensus estimate of $809.52 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm’s revenue was down 11.3% on a year-over-year basis. As a group, research analysts forecast that Skyworks Solutions Inc will post 5.68 EPS for the current year.
Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of ZIX from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 21st. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a report on Friday, June 7th. MKM Partners lowered their target price on shares of Skyworks Solutions to $90.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Piper Jaffray Companies lowered their target price on shares of Skyworks Solutions from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, June 5th. Finally, Mizuho set a $71.00 target price on shares of CVS Health and gave the company a “buy” rating in a report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $86.70.
Skyworks Solutions 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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