Caxton Associates LP Buys New Stake in Skyworks Solutions, Inc. (SWKS)

Caxton Associates LP bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,100 shares of the semiconductor manufacturer’s stock, valued at approximately $393,000.

Other institutional investors have also made changes to their positions in the company. Invictus RG bought a new stake in shares of Skyworks Solutions during the 1st quarter valued at about $101,000. Winslow Evans & Crocker Inc. boosted its position in shares of Skyworks Solutions by 3.3% during 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 boosted its position in shares of Skyworks Solutions by 551.5% during 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 bought a new stake in shares of Skyworks Solutions during the 1st quarter valued at about $177,000. Finally, Dubuque Bank & Trust Co. bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $182,000. Institutional investors own 80.84% of the company’s stock.

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Several brokerages recently commented on SWKS. B. Riley restated a “buy” rating and set a $120.00 target price on shares of Skyworks Solutions in a research report on Monday, July 17th. BidaskClub upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a research report on Friday, July 21st. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 target price on the stock. in a research report on Monday, July 17th. Finally, Cowen and Company restated a “market perform” rating and set a $110.00 target price on shares of Skyworks Solutions in a research report on Friday, July 21st. 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. Skyworks Solutions currently has an average rating of “Buy” and a consensus target price of $112.02.

In related news, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were 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 in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,229 shares of company stock worth $2,921,104. Insiders own 0.49% of the company’s stock.

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 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 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 firm posted $1.24 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year.

Skyworks Solutions 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.

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

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