Regent Investment Management LLC lifted its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 49.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,695 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,790 shares during the period. Regent Investment Management LLC’s holdings in Skyworks Solutions were worth $2,295,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SWKS. Unigestion Holding SA purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $8,365,000. Country Club Trust Company n.a. boosted its stake in shares of Skyworks Solutions by 51.8% in the 2nd quarter. Country Club Trust Company n.a. now owns 4,194 shares of the semiconductor manufacturer’s stock worth $324,000 after buying an additional 1,432 shares during the last quarter. Smith Salley & Associates purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $266,000. Diversified Trust Co boosted its stake in shares of Skyworks Solutions by 20.2% in the 2nd quarter. Diversified Trust Co now owns 33,169 shares of the semiconductor manufacturer’s stock worth $2,563,000 after buying an additional 5,577 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of Skyworks Solutions by 8.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 20,167 shares of the semiconductor manufacturer’s stock worth $1,559,000 after buying an additional 1,532 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

In other news, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $86.29, for a total value of $862,900.00. Following the sale, the director now directly owns 210,922 shares of the company’s stock, valued at $18,200,459.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Aldrich sold 5,000 shares of Skyworks Solutions stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $83.13, for a total value of $415,650.00. Following the completion of the sale, the director now directly owns 203,032 shares in the company, valued at $16,878,050.16. The disclosure for this sale can be found here. Insiders sold 57,000 shares of company stock worth $4,631,053 over the last ninety days. Insiders own 0.64% of the company’s stock.

NASDAQ:SWKS traded up $0.44 on Monday, reaching $86.42. 38,271 shares of the company’s stock traded hands, compared to its average volume of 1,555,728. The stock’s 50-day moving average is $77.98. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 1.60 and a beta of 0.98. Skyworks Solutions Inc has a 12 month low of $60.12 and a 12 month high of $96.60.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The firm had revenue of $810.40 million for the quarter, compared to analysts’ expectations of $809.52 million. During the same period in the previous year, the firm posted $1.64 earnings per share. The business’s revenue was down 11.3% compared to the same quarter last year. Equities analysts anticipate that Skyworks Solutions Inc will post 5.68 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. UBS Group restated a “hold” rating on shares of Daimler in a research note on Wednesday, May 22nd. Bank of America restated a “buy” rating and issued a $143.00 price target on shares of Xilinx in a research note on Friday, May 3rd. Raymond James dropped their price target on SM Energy from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Canaccord Genuity restated a “buy” rating and issued a $1.80 price target on shares of Meridian Bioscience in a research note on Wednesday, June 5th. Finally, Craig Hallum downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $86.70.

About Skyworks Solutions

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.

Further Reading: How are institutional investors different from individual investors?

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

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