Oak Associates Ltd. OH Has $10.57 Million Holdings in Skyworks Solutions, Inc. (SWKS)
Oak Associates Ltd. OH raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,137 shares of the semiconductor manufacturer’s stock after purchasing an additional 16,407 shares during the period. Oak Associates Ltd. OH owned about 0.06% of Skyworks Solutions worth $10,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Invictus RG acquired a new stake in Skyworks Solutions in the 1st quarter valued at about $101,000. Winslow Evans & Crocker Inc. raised its position in Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after purchasing an additional 35 shares in the last quarter. Sun Life Financial INC raised its position in Skyworks Solutions by 551.5% in the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after purchasing an additional 1,136 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in Skyworks Solutions in the 1st quarter valued at about $177,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Skyworks Solutions in the 2nd quarter valued at about $182,000. 80.84% of the stock is currently owned by institutional investors.
Skyworks Solutions, Inc. (SWKS) traded up 1.54% during mid-day trading on Friday, hitting $106.66. The company had a trading volume of 1,253,015 shares. The stock’s 50 day moving average price is $104.41 and its 200 day moving average price is $103.13. The firm has a market cap of $19.60 billion, a P/E ratio of 20.47 and a beta of 0.89. Skyworks Solutions, Inc. has a 52-week low of $71.65 and a 52-week high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. During the same period in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities research analysts predict that Skyworks Solutions, Inc. will post $6.39 EPS for the current fiscal year.
In related news, Director Christine King sold 3,705 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the transaction, the director now directly owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Liam Griffin sold 13,858 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $102.18, for a total value of $1,416,010.44. The disclosure for this sale can be found here. Insiders sold a total of 28,229 shares of company stock valued at $2,921,104 over the last three months. Corporate insiders own 0.49% of the company’s stock.
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A number of research firms have issued reports on SWKS. Craig Hallum increased their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Canaccord Genuity reaffirmed a “buy” rating and issued a $117.00 price target (up previously from $115.00) on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $112.42 price target on the stock. in a research report on Monday, September 18th. Northland Securities reaffirmed a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research report on Friday, August 4th. Finally, B. Riley reissued a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One 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 given a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus price target of $112.02.
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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