Argent Capital Management LLC Sells 9,044 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Argent Capital Management LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 683,090 shares of the semiconductor manufacturer’s stock after selling 9,044 shares during the period. Skyworks Solutions comprises approximately 2.6% of Argent Capital Management LLC’s holdings, making the stock its 11th largest position. Argent Capital Management LLC owned about 0.37% of Skyworks Solutions worth $65,542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SWKS. BlackRock Inc. boosted its holdings in shares of Skyworks Solutions by 3,071.2% during the 1st quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after purchasing an additional 11,673,555 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of Skyworks Solutions during the 1st quarter valued at about $205,388,000. Voya Investment Management LLC boosted its holdings in shares of Skyworks Solutions by 953.8% during the 2nd quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after purchasing an additional 1,167,942 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Skyworks Solutions by 587.3% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,305,942 shares of the semiconductor manufacturer’s stock valued at $125,305,000 after purchasing an additional 1,115,938 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Skyworks Solutions by 138.9% during the 1st quarter. AQR Capital Management LLC now owns 1,406,274 shares of the semiconductor manufacturer’s stock valued at $137,787,000 after purchasing an additional 817,721 shares during the last quarter. 80.82% of the stock is owned by institutional investors.

Several analysts have recently issued reports on SWKS shares. Citigroup Inc. raised shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Tuesday, September 5th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price objective on the stock in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Monday, August 28th. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price objective on shares of Skyworks Solutions in a research report on Friday, July 21st. Finally, Pacific Crest reissued an “overweight” rating and issued a $120.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, seven have issued 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 presently has a consensus rating of “Buy” and a consensus price target of $112.02.

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Skyworks Solutions, Inc. (NASDAQ SWKS) traded up 0.14% on Tuesday, reaching $107.13. 503,935 shares of the company’s stock were exchanged. The company has a market capitalization of $19.68 billion, a P/E ratio of 20.56 and a beta of 0.89. The firm has a 50-day moving average price of $104.41 and a 200-day moving average price of $103.17. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $112.11.

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

In related news, Director Christine King sold 3,705 shares of the business’s 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 sale, the director now owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Liam Griffin sold 13,858 shares of the company’s 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. In the last 90 days, insiders have sold 28,229 shares of company stock worth $2,921,104. Corporate insiders own 0.49% of the company’s stock.

Skyworks Solutions Company Profile

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.

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

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