Brandywine Global Investment Management LLC cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,433 shares of the semiconductor manufacturer’s stock after selling 3,494 shares during the quarter. Brandywine Global Investment Management LLC owned 0.09% of Skyworks Solutions worth $15,586,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of SWKS. Girard Partners LTD. raised its holdings in shares of Skyworks Solutions by 0.3% in the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after acquiring an additional 16 shares during the last quarter. Cadence Capital Management LLC raised its holdings in shares of Skyworks Solutions by 0.3% in the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after acquiring an additional 21 shares during the last quarter. Winslow Evans & Crocker Inc. raised its holdings in shares of Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after acquiring an additional 35 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of Skyworks Solutions by 0.5% in the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after acquiring an additional 41 shares during the last quarter. Finally, Cleararc Capital Inc. raised its holdings in shares of Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock worth $445,000 after acquiring an additional 50 shares during the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.

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Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at 101.90 on Friday. The firm has a market cap of $18.72 billion, a PE ratio of 19.56 and a beta of 0.81. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $112.11. The company has a 50 day moving average price of $104.54 and a 200 day moving average price of $102.42.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a report on Monday, July 17th. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 price target for the company. in a report on Monday, July 17th. Cowen and Company reissued a “market perform” rating and issued a $110.00 price target on shares of Skyworks Solutions in a report on Friday, July 21st. Finally, Barclays PLC reissued an “overweight” rating on shares of Skyworks Solutions in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $111.82.

In other news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the sale, the director now directly owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the completion of the sale, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,371 shares of company stock worth $1,505,093. 0.49% of the stock is currently owned by company 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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