Man Group plc Invests $16.53 Million in Skyworks Solutions, Inc. $SWKS

Man Group plc bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 243,741 shares of the semiconductor manufacturer’s stock, valued at approximately $16,526,000. Man Group plc owned about 0.16% of Skyworks Solutions at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SWKS. United Services Automobile Association bought a new stake in Skyworks Solutions in the 1st quarter valued at $236,000. Focus Partners Wealth lifted its holdings in shares of Skyworks Solutions by 99.0% during the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after buying an additional 4,702 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Skyworks Solutions by 137.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after acquiring an additional 1,330 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Skyworks Solutions in the second quarter valued at about $259,000. Finally, Gabelli Funds LLC bought a new position in Skyworks Solutions during the second quarter worth about $1,004,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SWKS. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Craig Hallum raised their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. TD Cowen dropped their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Finally, Morgan Stanley cut their price target on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.00.

Check Out Our Latest Research Report on SWKS

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $67.36 on Friday. The firm has a 50 day moving average of $65.04 and a 200-day moving average of $64.11. The stock has a market capitalization of $10.14 billion, a PE ratio of 34.90 and a beta of 1.51. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90.

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

Skyworks Solutions Company Profile

(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.

Further Reading

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

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