Koshinski Asset Management Inc. Purchases 587 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Koshinski Asset Management Inc. increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,551 shares of the semiconductor manufacturer’s stock after buying an additional 587 shares during the period. Koshinski Asset Management Inc.’s holdings in Skyworks Solutions were worth $533,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its position in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. Cleararc Capital Inc. boosted its position in Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares in the last quarter. First National Bank of Hutchinson boosted its position in Skyworks Solutions by 1.1% in the first quarter. First National Bank of Hutchinson now owns 6,704 shares of the semiconductor manufacturer’s stock valued at $657,000 after buying an additional 72 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Skyworks Solutions by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,955 shares of the semiconductor manufacturer’s stock valued at $454,000 after buying an additional 113 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in Skyworks Solutions by 0.5% in the first quarter. Mason Street Advisors LLC now owns 25,554 shares of the semiconductor manufacturer’s stock valued at $2,504,000 after buying an additional 135 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Skyworks Solutions, Inc. (SWKS) traded up 0.35% during trading on Monday, hitting $100.05. The stock had a trading volume of 1,295,889 shares. Skyworks Solutions, Inc. has a one year low of $61.52 and a one year high of $112.11. The firm’s 50-day moving average is $104.22 and its 200-day moving average is $94.94. The firm has a market cap of $18.46 billion, a P/E ratio of 20.62 and a beta of 0.81.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Skyworks Solutions had a return on equity of 28.00% and a net margin of 27.27%. The firm had revenue of $851.70 million for the quarter, compared to analysts’ expectations of $840.43 million. During the same quarter in the previous year, the company earned $1.25 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Skyworks Solutions, Inc. will post $6.32 EPS for the current year.

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Several research firms have recently issued reports on SWKS. Argus began coverage on Skyworks Solutions in a research report on Thursday. They set a “buy” rating and a $120.00 price objective for the company. BidaskClub cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Pacific Crest reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, June 21st. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research report on Friday, June 16th. Finally, Vetr raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price objective for the company in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $102.11.

In other Skyworks Solutions news, insider Peter L. Gammel sold 1,500 shares of the company’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $97.92, for a total value of $146,880.00. Following the transaction, the insider now owns 17,605 shares of the company’s stock, valued at $1,723,881.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Liam Griffin sold 21,000 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $100.25, for a total value of $2,105,250.00. Following the completion of the transaction, the insider now directly owns 74,782 shares in the company, valued at approximately $7,496,895.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,958 shares of company stock worth $9,658,971. 0.49% of the stock is owned by corporate insiders.

About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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

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