Dreman Value Management L L C Has $2,209,000 Position in Skyworks Solutions, Inc. (SWKS)

Dreman Value Management L L C maintained its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,543 shares of the semiconductor manufacturer’s stock at the close of the second quarter. Skyworks Solutions accounts for 1.3% of Dreman Value Management L L C’s investment portfolio, making the stock its 13th biggest position. Dreman Value Management L L C’s holdings in Skyworks Solutions were worth $2,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Invictus RG bought a new stake in Skyworks Solutions during the first quarter valued at about $101,000. Winslow Evans & Crocker Inc. raised its holdings in Skyworks Solutions by 3.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after acquiring an additional 35 shares during the period. Sun Life Financial INC raised its holdings in Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares during the period. Pathstone Family Office LLC bought a new stake in Skyworks Solutions during the first quarter valued at about $177,000. Finally, Dubuque Bank & Trust Co. bought a new stake in Skyworks Solutions during the second quarter valued at about $182,000. 80.84% of the stock is currently owned by institutional investors.

In other news, Director Christine King sold 3,705 shares of the 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 sale, the director now owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Liam Griffin sold 2,610 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80. Following the completion of the sale, the insider now directly owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. In the last three months, insiders sold 28,229 shares of company stock valued at $2,921,104. Corporate insiders own 0.49% of the company’s stock.

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Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating 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 business had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 19.8% on a year-over-year basis.

A number of equities research analysts have commented on SWKS shares. Instinet started coverage on Skyworks Solutions in a report on Wednesday, September 6th. They set a “buy” rating and a $115.00 price target on the stock. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Argus started coverage on Skyworks Solutions in a report on Thursday, July 6th. They set a “buy” rating and a $120.00 price target on the stock. Zacks Investment Research cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, B. Riley reissued a “buy” rating and set a $120.00 price target on shares of Skyworks Solutions in a report on Monday, July 17th. One 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 assigned a strong buy rating to the stock. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus price target of $112.02.

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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