HRT Financial LLC Acquires Shares of 6,801 Skyworks Solutions Inc (SWKS)

HRT Financial LLC acquired a new stake in Skyworks Solutions Inc (NASDAQ:SWKS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,801 shares of the semiconductor manufacturer’s stock, valued at approximately $657,000.

Several other hedge funds also recently added to or reduced their stakes in SWKS. Vulcan Value Partners LLC boosted its holdings in shares of Skyworks Solutions by 21.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock worth $636,129,000 after acquiring an additional 1,179,670 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Skyworks Solutions by 58.0% in the 1st quarter. Millennium Management LLC now owns 790,775 shares of the semiconductor manufacturer’s stock worth $79,283,000 after acquiring an additional 290,202 shares in the last quarter. Ardevora Asset Management LLP boosted its holdings in shares of Skyworks Solutions by 394.7% in the 2nd quarter. Ardevora Asset Management LLP now owns 349,732 shares of the semiconductor manufacturer’s stock worth $33,802,000 after acquiring an additional 279,032 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Skyworks Solutions by 12.2% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 2,173,301 shares of the semiconductor manufacturer’s stock worth $217,895,000 after acquiring an additional 236,320 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Skyworks Solutions by 147.5% in the 2nd quarter. American Century Companies Inc. now owns 378,775 shares of the semiconductor manufacturer’s stock worth $36,609,000 after acquiring an additional 225,746 shares in the last quarter. Institutional investors own 80.79% of the company’s stock.

In other Skyworks Solutions news, Director David J. Aldrich sold 5,500 shares of the stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $90.48, for a total transaction of $497,640.00. Following the completion of the transaction, the director now owns 147,752 shares in the company, valued at approximately $13,368,600.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $95.92, for a total transaction of $959,200.00. Following the transaction, the director now owns 152,252 shares of the company’s stock, valued at $14,604,011.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,500 shares of company stock valued at $4,495,380. Corporate insiders own 0.47% of the company’s stock.

Shares of SWKS traded down $3.50 during trading hours on Friday, reaching $87.55. The stock had a trading volume of 2,127,731 shares, compared to its average volume of 2,111,718. Skyworks Solutions Inc has a 52 week low of $83.05 and a 52 week high of $117.65. The stock has a market cap of $16.24 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.00 and a beta of 0.60.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.04. The firm had revenue of $894.30 million during the quarter, compared to analysts’ expectations of $889.00 million. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. On average, research analysts predict that Skyworks Solutions Inc will post 6.61 earnings per share for the current year.

Several research analysts have recently commented on SWKS shares. ValuEngine downgraded Skyworks Solutions from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. Morgan Stanley reduced their price objective on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a report on Monday, August 6th. Zacks Investment Research downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $118.00 price objective on shares of Skyworks Solutions in a report on Tuesday, August 7th. Finally, BidaskClub cut shares of Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $114.78.

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, 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 shifters, phase locked loops, 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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