Western Wealth Management LLC Buys Shares of 22,823 Skyworks Solutions, Inc. $SWKS

Western Wealth Management LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,823 shares of the semiconductor manufacturer’s stock, valued at approximately $1,547,000.

A number of other large investors have also made changes to their positions in SWKS. J.Safra Asset Management Corp acquired a new position in Skyworks Solutions during the 2nd quarter valued at about $28,000. CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions in the second quarter worth about $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Skyworks Solutions during the second quarter worth about $33,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Skyworks Solutions during the fourth quarter worth about $29,000. Finally, Hara Capital LLC acquired a new position in shares of Skyworks Solutions during the second quarter valued at about $35,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $65.70 on Wednesday. The firm’s fifty day moving average is $65.20 and its two-hundred day moving average is $64.04. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 34.04 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The business had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on SWKS shares. BNP Paribas Exane lifted their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. B. Riley Financial upped their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. Stifel Nicolaus lowered their price objective on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Finally, Loop Capital boosted their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.00.

View Our Latest Stock Analysis on Skyworks Solutions

About Skyworks Solutions

(Free Report)

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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