The Alps Advisors Inc. decides to keep it stake in Skyworks Solutions Inc. (SWKS) to the level of $341,000

The Alps Advisors Inc. decides to keep it stake in Skyworks Solutions Inc. (SWKS) to the level of $341,000

Alps Advisors Inc. cut its stake in Skyworks Solutions Inc. (NASDAQ:SWKS) by 6.9% during the second quarter, Holdings Channel reports. The institutional investor owned 5,396 shares of the semiconductor manufacturer’s stock after selling 400 shares during the period. Alps Advisors Inc.’s holdings in Skyworks Solutions were worth $341,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SWKS. Checchi Capital Advisers LLC raised its position in shares of Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock valued at $150,000 after buying an additional 673 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Skyworks Solutions during the first quarter valued at approximately $182,000. Parametric Risk Advisors LLC bought a new position in shares of Skyworks Solutions during the first quarter valued at approximately $192,000. NN Investment Partners Holdings N.V. bought a new position in shares of Skyworks Solutions during the first quarter valued at approximately $211,000. Finally, Gofen & Glossberg LLC IL raised its position in shares of Skyworks Solutions by 12.0% in the second quarter. Gofen & Glossberg LLC IL now owns 3,361 shares of the semiconductor manufacturer’s stock valued at $213,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.

Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) traded down 1.79% during midday trading on Thursday, hitting $77.41. 2,204,779 shares of the stock were exchanged. Skyworks Solutions Inc. has a one year low of $54.50 and a one year high of $88.52. The stock has a market cap of $14.51 billion, a P/E ratio of 15.33 and a beta of 1.06. The stock’s 50-day moving average price is $74.87 and its 200 day moving average price is $69.63.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. The company earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. On average, analysts anticipate that Skyworks Solutions Inc. will post $5.53 earnings per share for the current year.

SWKS has been the topic of several recent research reports. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $70.16 target price on the stock. in a research note on Monday, July 11th. Drexel Hamilton reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 6th. Brean Capital reaffirmed a “buy” rating and set a $80.00 target price on shares of Skyworks Solutions in a research note on Monday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $73.00 target price on shares of Skyworks Solutions in a research note on Monday, July 25th. Finally, B. Riley reaffirmed a “buy” rating and set a $93.00 target price on shares of Skyworks Solutions in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $83.05.

In related news, EVP Bruce J. Freyman sold 36,272 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $80.00, for a total value of $2,901,760.00. Following the completion of the sale, the executive vice president now owns 41,675 shares of the company’s stock, valued at $3,334,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bruce J. Freyman sold 3,221 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $75.00, for a total transaction of $241,575.00. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

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