It has a 18.71 P/E ratio. The Business Bank segment offers various services and products, such as commercial loans and lines of credit, deposits, cash management, capital market products, worldwide trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational firms, and governmental entities.
Riggs Asset Managment Company increased Skyworks Solutions (SWKS) stake by 9.34% reported in 2017Q3 SEC filing. Oakworth Capital Inc bought 3,089 shares as the company's stock rose 7.80% with the market. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer's stock worth $123,813,000 after acquiring an additional 1,167,942 shares in the last quarter. Platinum Investment Management Ltd who had been investing in Skyworks Solutions Inc for a number of months, seems to be bullish on the $18.60 billion market cap company.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up $1.29 during trading hours on Friday, reaching $101.21. The institutional investor held 12,000 shares of the technology company at the end of 2017Q3, valued at $1.22 million, up from 7,800 at the end of the previous reported quarter. It has outperformed by 48.70% the S&P500.
Analysts await Autodesk, Inc.
A number of brokerages have recently issued reports on SWKS. They expect $0.22 EPS, down 57.69% or $0.30 from last year's $0.52 per share. SWKS's profit will be $328.89 million for 14.14 P/E if the $1.79 EPS becomes a reality. After $0.09 actual EPS reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts 144.44% EPS growth. It also reduced Ralph Lauren Corp (NYSE:RL) stake by 216,548 shares and now owns 100,510 shares. (NASDAQ:SWKS) for 375,687 shares. Spdr S&P 500 Etf Tr (SPY) was raised too.More news: LeBron James Reveals What Could Make Him Retire Earlier Than Expected
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Since August 28, 2017, it had 0 insider purchases, and 5 selling transactions for $6.74 million activity. On Wednesday, December 13 GAMMEL PETER L sold $704,929 worth of Skyworks Solutions, Inc. GRIFFIN LIAM sold $1.43M worth of stock. Trillium Asset Management Llc sold 14,443 shares as Autodesk Inc (ADSK)'s stock rose 27.21%.
Investors sentiment increased to 1.09 in 2017 Q3. Its down 0.07, from 1 in 2017Q2. It is positive, as 34 investors sold SWKS shares while 220 reduced holdings. 69 funds opened positions while 281 raised stakes. The investment managers in our partner's database now own: 146.42 million shares, down from 146.46 million shares in 2017Q2. (NASDAQ:SWKS). Verition Fund Mngmt Ltd Liability Corp holds 13,934 shares or 0.11% of its portfolio. Weatherstone Management reported 0.19% stake. California Pub Employees Retirement System invested in 281,700 shares or 0% of the stock. Carlyle Group L.P. owns 23.10 million shares or 13.77% of their U.S. portfolio. Boston Private Wealth Limited Liability accumulated 10,792 shares or 0.05% of the stock. (NASDAQ:SWKS) opened at 91.56 on Monday. Insiders own 0.49% of the company's stock. Midas Mngmt Corp accumulated 27,000 shares. First Interstate Bank raised its holdings in Skyworks Solutions by 6.3% during the 3rd quarter. (SWKS) stock is at $103.41 while that of the 200 day is now reading $103.31, their 5-day, on the other hand, is at $100.51. The Price Index 12m for Skyworks Solutions, Inc. (NASDAQ:SWKS). Cornercap Invest Counsel holds 0.18% in Skyworks Solutions, Inc.
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Therefore 43% are positive. Autodesk Inc. had 108 analyst reports since August 4, 2015 according to SRatingsIntel. FBR Capital maintained the shares of SWKS in report on Tuesday, November 7 with "Buy" rating. Drexel Hamilton reaffirmed a "buy" rating and issued a $128.00 price objective (up previously from $120.00) on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Canaccord Genuity maintained the shares of SWKS in report on Friday, January 8 with "Buy" rating. The firm has "Neutral" rating by Citigroup given on Monday, May 16. The stock has "Hold" rating by RBC Capital Markets on Friday, March 24. The stock now has a consensus rating of "Buy" and an average target price of $87.13. The firm earned "Buy" rating on Tuesday, September 5 by Citigroup. (NASDAQ:ADSK) has "Buy" rating given on Wednesday, November 29 by Robert W. Baird. (NASDAQ:SWKS). 1.05 million were accumulated by Ubs Asset Mgmt Americas Inc. (NASDAQ:MAT) on Wednesday, April 6 to "Hold" rating. The lowest target is $61 while the high is $132. The stock was sold at an average price of $110.08, for a total transaction of $4,953,600.00. CMA was included in 13 notes of analysts from September 16, 2016. The company was maintained on Friday, January 29 by Needham. The firm has "Outperform" rating by Credit Suisse given on Monday, August 24. The firm has "Hold" rating by Raymond James given on Friday, July 7. Loews holds 0.02% of its portfolio in Infinera Corporation (NASDAQ:INFN) for 430,000 shares. Insiders own 0.62% of the company's stock. The Massachusetts-based Castine Capital Management Llc has invested 2.7% in the stock. Dimensional Fund Advisors Ltd Partnership, Texas-based fund reported 952,623 shares. It closed at $0.0001 lastly. Clearbridge Invs Ltd Liability Com reported 10.90 million shares. The stock increased 5.04% or $0.34 during the last trading session, reaching $7.08. About 560,810 shares traded.
Since January 1, 0001, it had 2 buys, and 0 sales for $3.36 million activity. It has outperformed by 22.97% the S&P500.