Procurement News Notice |
|
| PNN | 3743 |
| Work Detail | Skyworks Solutions Inc (SWKS) : American Money Management scooped up 275 additional shares in Skyworks Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 20,585 shares of Skyworks Solutions Inc which is valued at $1,390,105.Skyworks Solutions Inc makes up approximately 1.10% of American Money Management’s portfolio. Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in SWKS by selling 197 shares or 63.55% in the most recent quarter. The Hedge Fund company now holds 113 shares of SWKS which is valued at $7,631.Ameritas Investment Partners boosted its stake in SWKS in the latest quarter, The investment management firm added 324 additional shares and now holds a total of 7,502 shares of Skyworks Solutions Inc which is valued at $506,610. Skyworks Solutions Inc makes up approx 0.03% of Ameritas Investment Partners’s portfolio. Nbt Bank N A Ny sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 2,800 shares of SWKS which is valued $186,340.Oakbrook Investments reduced its stake in SWKS by selling 5,950 shares or 35.1% in the most recent quarter. The Hedge Fund company now holds 11,000 shares of SWKS which is valued at $712,910. Skyworks Solutions Inc makes up approx 0.04% of Oakbrook Investments’s portfolio.Creative Planning boosted its stake in SWKS in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 64,576 shares of Skyworks Solutions Inc which is valued at $4,220,042. Skyworks Solutions Inc makes up approx 0.03% of Creative Planning’s portfolio. Skyworks Solutions Inc opened for trading at $73.13 and hit $73.8999 on the upside on Tuesday, eventually ending the session at $73.78, with a gain of 1.60% or 1.16 points. The heightened volatility saw the trading volume jump to 17,71,657 shares. Company has a market cap of $13,833 M. On the company’s financial health, Skyworks Solutions Inc reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.24. The company had revenue of $775.10 million for the quarter, compared to analysts expectations of $775.49 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. Many Wall Street Analysts have commented on Skyworks Solutions Inc. Skyworks Solutions Inc was Upgraded by CLSA to ” Outperform” on Aug 9, 2016. Shares were Reiterated by Cowen on Jul 22, 2016 to “Market Perform” and Lowered the Price Target to $ 72 from a previous price target of $76 .Skyworks Solutions Inc was Downgraded by Pacific Crest to ” Sector Weight” on Jul 5, 2016. Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive broadband wireless infrastructure energy management Global Positioning System (GPS) industrial medical military wireless networking smartphone and tablet applications. The Company’s portfolio includes amplifiers attenuators circulators demodulators detectors diodes directional couplers front-end modules hybrids infrastructure radio frequency (RF) subsystems isolators lighting and display solutions mixers modulators optocouplers optoisolators phase shifters phase locked loops (PLLs) synthesizers voltage controlled oscillator power dividers (VCOs) power dividers/combiners power management devices receivers switches and technical ceramics. The Company’s products include Front-end Modules and Amplifiers Wireless Infrastructure Power Management Precision Analog Components WiFi Connectivity and Smart Energy. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.tradecalls.org/2016/08/american-money-management-buys-1390105-stake-in-skyworks-solutions-inc-swks-375526/ |
