Skyworks Solutions Inc (NASDAQ:SWKS) Holdings Decreased by Dupont Capital Management Corp

Dupont Capital Management Corp trimmed its position in Skyworks Solutions Inc (NASDAQ:SWKS) by 28.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the semiconductor manufacturer’s stock after selling 1,252 shares during the quarter. Dupont Capital Management Corp’s holdings in Skyworks Solutions were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mechanics Bank Trust Department bought a new stake in shares of Skyworks Solutions in the 3rd quarter valued at approximately $25,000. Squar Milner Financial Services LLC increased its holdings in shares of Skyworks Solutions by 492.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 266 shares during the last quarter. Next Capital Management LLC increased its holdings in shares of Skyworks Solutions by 118.7% in the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 184 shares during the last quarter. Cribstone Capital Management LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $37,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 81.81% of the company’s stock.

Shares of SWKS stock opened at $100.44 on Friday. Skyworks Solutions Inc has a 1 year low of $60.12 and a 1 year high of $100.81. The stock has a fifty day moving average of $86.29 and a two-hundred day moving average of $80.15. The firm has a market capitalization of $16.95 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.07 and a beta of 1.06.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.14. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The company had revenue of $767.00 million during the quarter, compared to analyst estimates of $767.71 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The firm’s quarterly revenue was down 14.2% on a year-over-year basis. As a group, analysts predict that Skyworks Solutions Inc will post 5.72 EPS for the current year.

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In other Skyworks Solutions news, CEO Liam Griffin sold 5,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $90.59, for a total transaction of $452,950.00. Following the completion of the transaction, the chief executive officer now owns 70,320 shares in the company, valued at approximately $6,370,288.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Aldrich sold 999 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $76.45, for a total value of $76,373.55. Following the transaction, the director now owns 204,031 shares of the company’s stock, valued at approximately $15,598,169.95. The disclosure for this sale can be found here. Insiders have sold a total of 15,002 shares of company stock valued at $1,282,604 in the last quarter. 0.64% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on SWKS shares. Barclays downgraded Skyworks Solutions from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $75.00 to $80.00 in a report on Thursday, July 18th. Craig Hallum boosted their price target on Skyworks Solutions from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Raymond James upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, July 18th. Cowen upgraded Skyworks Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $80.00 to $95.00 in a report on Thursday, October 10th. Finally, Canaccord Genuity lowered their price target on Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $89.31.

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.

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

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