California State Teachers Retirement System Trims Stake in Skyworks Solutions Inc (SWKS)

Lloyd Doyle
March 17, 2018

About 2.16 million shares traded. Selkirk Management Llc who had been investing in Chegg Inc for a number of months, seems to be bullish on the $2.34 billion market cap company. About 1.76M shares traded or 51.24% up from the average. EVINE Live Inc. (NASDAQ:EVLV) has risen 14.71% since March 16, 2017 and is uptrending. It has outperformed by 146.46% the S&P500. Intact Investment Management Inc. bought a new position in Skyworks Solutions in the third quarter valued at about $204,000. (SWKS) by 28.57% based on its latest 2017Q3 regulatory filing with the SEC. Insiders sold a total of 99,133 shares of company stock valued at $10,717,872 over the last 90 days. About 279,796 shares traded or 36.45% up from the average.

Skyworks Solutions Inc (NASDAQ SWKS) opened at $110.63 on Friday. It has outperformed by 48.70% the S&P500. Its up 0.12, from 0.97 in 2017Q2. 20,000 Chegg, Inc. (NYSE:CHGG) shares with value of $326,990 were sold by Lem Esther. Shares for $783,500 were sold by BRANDEMUEHL JENNY on Wednesday, December 13. Argent Mgmt Llc has invested 1.47% in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 3,800 shares.

Investors sentiment increased to 1.09 in 2017 Q3. (NASDAQ:SWKS). Truenorth stated it has 20,075 shares or 0.95% of all its holdings. 232.46 million shares or 1.40% less from 235.76 million shares in 2017Q2 were reported. Cibc Mkts holds 41,342 shares or 0.04% of its portfolio. Strs Ohio, a Ohio-based fund reported 126,488 shares. Meiji Yasuda Asset Management Limited reported 4,940 shares. Zions Bancorporation now owns 2,430 shares of the semiconductor manufacturer's stock valued at $247,000 after purchasing an additional 2,399 shares during the period. Louisiana State Employees Retirement Sys has invested 0.06% in Skyworks Solutions, Inc. (NYSE:CHGG). Timessquare Cap Mngmt Limited Liability has 3.03 million shares. Oakbrook holds 0.02% or 2,625 shares in its portfolio. (NASDAQ:SWKS). Acadian Asset Mngmt Ltd Liability Corporation reported 30,655 shares. Stanley holds 0.16% in ManpowerGroup Inc. (NYSE:CHGG). Fred Alger Mgmt holds 0.18% or 2.66M shares. Following the sale, the insider now directly owns 177,252 shares of the company's stock, valued at approximately $20,034,793.56. 3,005 were reported by Panagora Asset Inc. Skyworks Solutions Inc has a 12 month low of $93.05 and a 12 month high of $117.65. Therefore 86% are positive. Standpoint Research raised shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. As per Tuesday, November 8, the company rating was maintained by Lake Street. The rating was maintained by Craig Hallum on Friday, April 29 with "Buy". The stock of EVINE Live Inc. Needham maintained the shares of SWKS in report on Friday, July 21 with "Buy" rating. JP Morgan downgraded the stock to "Neutral" rating in Tuesday, February 21 report. The rating was upgraded by Investec on Tuesday, September 22 to "Buy". The rating was downgraded by Zacks to "Buy" on Thursday, August 13. Finally, Canaccord Genuity increased their target price on Skyworks Solutions from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, February 6th. Amica Retiree Medical Tru holds 0.14% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS) was sold by GRIFFIN LIAM. It also reduced its holding in Electronic Arts Inc (NASDAQ:EA) by 60,070 shares in the quarter, leaving it with 286,794 shares, and cut its stake in Facebook Inc (NASDAQ:FB). (NASDAQ:SBGI) by 150,000 shares in the quarter, for a total of 599,022 shares, and has risen its stake in Conocophillips (NYSE:COP).

Investors sentiment decreased to 0.89 in 2017 Q3. Its up 0.12, from 0.97 in 2017Q2. It dived, as 34 investors sold SWKS shares while 220 reduced holdings. Metropolitan Life reported 1.29M shares or 1.05% of all its holdings. Truenorth reported 20,075 shares or 0.95% of all its holdings. Brinker Capital invested in 7,063 shares.

Skyworks Solutions declared that its Board of Directors has authorized a stock buyback plan on Monday, February 5th that allows the company to repurchase $1.00 billion in outstanding shares. (NASDAQ:SWKS). Lord Abbett Com Lc holds 0.07% in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 231,839 shares. First Business Ser Incorporated has invested 0.1% in Skyworks Solutions, Inc. (NASDAQ:SWKS) or 35,000 shares. Boston Private Wealth Ltd Llc stated it has 0.23% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS), 32 have Buy rating, 1 Sell and 4 Hold. Motco holds 0% or 39 shares.

Since October 2, 2017, it had 0 insider buys, and 7 selling transactions for $12.77 million activity.

In other news, insider Peter L. Gammel sold 10,750 shares of the stock in a transaction that occurred on Thursday, March 15th. ALDRICH DAVID J sold $3.18 million worth of stock or 30,000 shares. During the same quarter in the prior year, the firm posted $1.61 EPS. analysts expect that Skyworks Solutions Inc will post 6.67 EPS for the current fiscal year. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.91 by $0.09. SWKS's profit will be $266.42 million for 18.94 P/E if the $1.46 EPS becomes a reality. New York State Common Retirement Fund increased its position in shares of Skyworks Solutions by 1.5% during the 3rd quarter. The stock has "Strong Buy" rating by Charter Equity on Wednesday, September 23. The firm has "Buy" rating given on Sunday, October 8 by Mizuho. The company was maintained on Thursday, October 5 by Wells Fargo. The firm earned "Sector Perform" rating on Wednesday, December 9 by RBC Capital Markets. As per Thursday, August 31, the company rating was maintained by UBS. The stock has "Overweight" rating by Barclays Capital on Monday, February 6. The stock has "Underperform" rating by CLSA on Wednesday, May 25.

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