Skyworks Solutions (SWKS) Stock Declined While Covington Capital Management Trimmed Its Stake by $335,000; Omnicom Group (OMC) Stock Value Declined While Jensen Investment Management Has Decreased by $35.08 Million Its Stake

June 17, 2018 - By Adrian Erickson

Omnicom Group Inc. (NYSE:OMC) Logo

Covington Capital Management decreased its stake in Skyworks Solutions Inc (SWKS) by 35.58% based on its latest 2018Q1 regulatory filing with the SEC. Covington Capital Management sold 3,350 shares as the company’s stock declined 9.08% with the market. The institutional investor held 6,065 shares of the technology company at the end of 2018Q1, valued at $608,000, down from 9,415 at the end of the previous reported quarter. Covington Capital Management who had been investing in Skyworks Solutions Inc for a number of months, seems to be less bullish one the $18.70B market cap company. The stock increased 0.72% or $0.73 during the last trading session, reaching $102.7. About 1.35 million shares traded. Skyworks Solutions, Inc. (NASDAQ:SWKS) has declined 5.35% since June 17, 2017 and is downtrending. It has underperformed by 17.92% the S&P500. Some Historical SWKS News: 14/03/2018 Skyworks et al. to Benefit as IoT Becomes ‘IoX,’ Says Macquarie — Barron’s Blog; 03/05/2018 – SKYWORKS SOLUTIONS -EXPECTS RESUMPTION OF SEQUENTIAL REVENUE GROWTH IN SEPTEMBER QUARTER WITH SUSTAINED MOMENTUM INTO DECEMBER PERIOD- CFO, CONF CALL

Jensen Investment Management Inc decreased its stake in Omnicom Group Inc (OMC) by 12.1% based on its latest 2018Q1 regulatory filing with the SEC. Jensen Investment Management Inc sold 487,228 shares as the company’s stock declined 7.86% with the market. The institutional investor held 3.54M shares of the advertising company at the end of 2018Q1, valued at $257.11M, down from 4.03 million at the end of the previous reported quarter. Jensen Investment Management Inc who had been investing in Omnicom Group Inc for a number of months, seems to be less bullish one the $17.14B market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $75.42. About 3.19 million shares traded or 73.41% up from the average. Omnicom Group Inc. (NYSE:OMC) has declined 13.92% since June 17, 2017 and is downtrending. It has underperformed by 26.49% the S&P500. Some Historical OMC News: 17/04/2018 – Dunkin’ Donuts Names BBDO Worldwide as New Creative Agency of Record; 01/05/2018 – Omnicom Named to Forbes 2018 America’s Best Employers List; 22/03/2018 – CMO Today: Zuckerberg Responds; Omnicom Launches Its Own Upfront; YouTube Increases Music Video Ad Load; 17/04/2018 – Omnicom Grows, Despite Continuing Client Pressures; 21/04/2018 – DJ Omnicom Group Inc, Inst Holders, 1Q 2018 (OMC); 09/04/2018 – Porter Novelli to Launch International Rescue Committee’s Displaced Podcast Series; 17/04/2018 – Omnicom Closes Above 200-Day Moving Average: Technicals; 17/04/2018 – Ad firm Omnicom’s revenue rises 1.2 pct; 24/05/2018 – Omnicom Short-Interest Ratio Rises 83% to 19 Days; 22/05/2018 – HSBC Global Media Account Moves From WPP to Omnicom

Jensen Investment Management Inc, which manages about $7.21B and $7.66B US Long portfolio, upped its stake in United Parcel Svc Cl B (NYSE:UPS) by 6,320 shares to 1.62M shares, valued at $169.70 million in 2018Q1, according to the filing. It also increased its holding in T Rowe Price Group Inc (NASDAQ:TROW) by 3,370 shares in the quarter, for a total of 40,671 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Among 16 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Omnicom had 50 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Wells Fargo given on Thursday, April 14. The firm has “Neutral” rating given on Wednesday, April 19 by Wedbush. RBC Capital Markets downgraded the shares of OMC in report on Friday, February 16 to “Hold” rating. On Monday, October 16 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, October 7. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, June 6 report. Credit Suisse maintained the stock with “Neutral” rating in Friday, July 14 report. The rating was downgraded by Barclays Capital to “Equal-Weight” on Wednesday, April 20. The firm earned “Neutral” rating on Wednesday, September 6 by Citigroup. The stock has “Buy” rating by BMO Capital Markets on Friday, February 16.

Another recent and important Omnicom Group Inc. (NYSE:OMC) news was published by Seekingalpha.com which published an article titled: “WSJ: Omnicom takes HSBC media account from struggling WPP” on May 22, 2018.

Since February 21, 2018, it had 0 insider purchases, and 3 sales for $230,764 activity. 2,000 Omnicom Group Inc. (NYSE:OMC) shares with value of $154,758 were sold by Hewitt Dennis E..

Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on July, 19. They expect $1.56 earnings per share, up 11.43% or $0.16 from last year’s $1.4 per share. OMC’s profit will be $354.57M for 12.09 P/E if the $1.56 EPS becomes a reality. After $1.14 actual earnings per share reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts 36.84% EPS growth.

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.11, from 0.96 in 2017Q4. It dived, as 60 investors sold OMC shares while 229 reduced holdings. 66 funds opened positions while 180 raised stakes. 228.18 million shares or 1.27% less from 231.12 million shares in 2017Q4 were reported. State Treasurer State Of Michigan holds 0.04% or 67,818 shares in its portfolio. Los Angeles Management Equity, California-based fund reported 51,985 shares. Virtu Financial Ltd accumulated 18,044 shares or 0.07% of the stock. Twin Cap invested in 0.2% or 52,630 shares. Moreover, Laurion Limited Partnership has 0.09% invested in Omnicom Group Inc. (NYSE:OMC) for 156,460 shares. Professional Advisory Svcs reported 2.87% stake. Cornerstone Advisors Incorporated has invested 0% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Sumitomo Life Insur accumulated 21,160 shares or 0.2% of the stock. Pinebridge Invs Limited Partnership invested 0.08% in Omnicom Group Inc. (NYSE:OMC). Cooke & Bieler LP reported 1.61 million shares or 2.19% of all its holdings. Exane Derivatives invested in 0% or 30,357 shares. Canada Pension Plan Board reported 2,875 shares. Peddock Cap Advsr Ltd Com has 0.04% invested in Omnicom Group Inc. (NYSE:OMC). Mackenzie has invested 1% in Omnicom Group Inc. (NYSE:OMC). Commerzbank Aktiengesellschaft Fi invested in 29,662 shares or 0.02% of the stock.

More important recent Skyworks Solutions, Inc. (NASDAQ:SWKS) news were published by: Schaeffersresearch.com which released: “Monster Stock Climbs to Top of S&P; Apple Supplier Sinks” on June 08, 2018, also Seekingalpha.com published article titled: “NAR: Apple drops iPhone parts orders by 20%; supplier stocks dip”, Seekingalpha.com published: “NXP Semiconductors, Micron among movers on trade war hold” on May 21, 2018. More interesting news about Skyworks Solutions, Inc. (NASDAQ:SWKS) was released by: Fool.com and their article: “2 Ridiculously Cheap Tech Stocks” with publication date: June 17, 2018.

Covington Capital Management, which manages about $1.97B and $1.52 billion US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VWO) by 23,366 shares to 564,466 shares, valued at $26.52 million in 2018Q1, according to the filing. It also increased its holding in Broadcom Ltd by 10,800 shares in the quarter, for a total of 23,454 shares, and has risen its stake in Vanguard Bd Index Fd Inc (BSV).

Analysts await Skyworks Solutions, Inc. (NASDAQ:SWKS) to report earnings on July, 19. They expect $1.44 EPS, down 1.37% or $0.02 from last year’s $1.46 per share. SWKS’s profit will be $262.19M for 17.83 P/E if the $1.44 EPS becomes a reality. After $1.50 actual EPS reported by Skyworks Solutions, Inc. for the previous quarter, Wall Street now forecasts -4.00% negative EPS growth.

Among 39 analysts covering Skyworks Solutions Inc. (NASDAQ:SWKS), 31 have Buy rating, 1 Sell and 7 Hold. Therefore 79% are positive. Skyworks Solutions Inc. had 116 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Tuesday, May 1 by Canaccord Genuity. Craig Hallum maintained the shares of SWKS in report on Friday, January 29 with “Buy” rating. As per Friday, June 30, the company rating was maintained by Charter Equity. Cowen & Co maintained Skyworks Solutions, Inc. (NASDAQ:SWKS) on Friday, July 22 with “Market Perform” rating. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) has “Buy” rating given on Thursday, August 3 by Northland Capital. Cowen & Co maintained it with “Market Perform” rating and $85 target in Friday, January 20 report. The firm has “Buy” rating by Drexel Hamilton given on Friday, May 4. BMO Capital Markets maintained Skyworks Solutions, Inc. (NASDAQ:SWKS) on Sunday, November 5 with “Hold” rating. BMO Capital Markets maintained Skyworks Solutions, Inc. (NASDAQ:SWKS) rating on Monday, June 12. BMO Capital Markets has “Hold” rating and $10000 target. The firm has “Buy” rating given on Friday, July 24 by Topeka Capital Markets.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.22, from 0.99 in 2017Q4. It worsened, as 61 investors sold SWKS shares while 245 reduced holdings. 71 funds opened positions while 166 raised stakes. 140.64 million shares or 1.63% less from 142.96 million shares in 2017Q4 were reported. Sumitomo Mitsui Asset Mgmt Limited has invested 0.02% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Country Club Tru Company Na, Missouri-based fund reported 2,207 shares. The Minnesota-based Gradient Lc has invested 0% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Utd Capital Advisers Limited accumulated 0.05% or 62,503 shares. Martin Mgmt Ltd Liability holds 2.65% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 104,281 shares. Bartlett Ltd Limited Liability Company, a Ohio-based fund reported 15 shares. 421,030 were accumulated by New York State Common Retirement Fund. Gateway Inv Advisers Lc owns 0.15% invested in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 169,101 shares. Oakworth Capital Incorporated has invested 0.73% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). Hanson & Doremus Inv Mngmt owns 421 shares for 0.01% of their portfolio. Blb&B Advsrs Llc reported 2,160 shares. New Mexico Educational Retirement Board owns 0.07% invested in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 17,500 shares. Bnp Paribas Asset Management Sa holds 17,291 shares or 0.01% of its portfolio. Amalgamated Financial Bank stated it has 0.07% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). Bessemer Group holds 0% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 15 shares.

Skyworks Solutions, Inc. (NASDAQ:SWKS) Institutional Positions Chart

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