35,565 Shares in Skyworks Solutions, Inc. (SWKS) Acquired by Harvey Capital Management Inc.

Harvey Capital Management Inc. bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 4th quarter, HoldingsChannel reports. The fund bought 35,565 shares of the semiconductor manufacturer’s stock, valued at approximately $3,376,000.

Other hedge funds have also recently made changes to their positions in the company. Krilogy Financial LLC boosted its stake in Skyworks Solutions by 1.9% during the 2nd quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock valued at $262,000 after acquiring an additional 50 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Skyworks Solutions by 2.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,960 shares of the semiconductor manufacturer’s stock valued at $668,000 after acquiring an additional 170 shares during the last quarter. WFG Advisors LP boosted its stake in Skyworks Solutions by 14.8% during the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares during the last quarter. Penobscot Investment Management Company Inc. boosted its stake in Skyworks Solutions by 8.8% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 5,550 shares of the semiconductor manufacturer’s stock valued at $566,000 after acquiring an additional 450 shares during the last quarter. Finally, Caxton Associates LP boosted its stake in Skyworks Solutions by 12.2% during the 3rd quarter. Caxton Associates LP now owns 4,600 shares of the semiconductor manufacturer’s stock valued at $469,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

In other Skyworks Solutions news, CEO Liam Griffin sold 12,141 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the transaction, the chief executive officer now owns 49,514 shares of the company’s stock, valued at approximately $5,493,578.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Peter L. Gammel sold 7,305 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $96.50, for a total transaction of $704,932.50. Following the transaction, the chief technology officer now directly owns 16,285 shares in the company, valued at approximately $1,571,502.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 169,664 shares of company stock worth $18,031,219. 0.49% of the stock is owned by corporate insiders.

Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $98.96 on Monday. The company has a market cap of $18,056.98, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.03 and a beta of 0.69. Skyworks Solutions, Inc. has a 52 week low of $90.53 and a 52 week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Monday, November 6th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.05. The firm had revenue of $984.60 million for the quarter, compared to analysts’ expectations of $980.58 million. Skyworks Solutions had a net margin of 27.67% and a return on equity of 29.17%. research analysts anticipate that Skyworks Solutions, Inc. will post 6.66 earnings per share for the current year.

A number of research firms have recently issued reports on SWKS. B. Riley restated a “buy” rating and issued a $131.00 price target on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Canaccord Genuity restated a “buy” rating and issued a $125.00 price target (up from $117.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. KeyCorp raised their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock an “in-line” rating in a research report on Tuesday, November 7th. Needham & Company LLC raised their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, Drexel Hamilton restated a “buy” rating and issued a $128.00 price target (up from $120.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.85.

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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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