Robeco Institutional Asset Management B.V. lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,729 shares of the semiconductor manufacturer’s stock after selling 15,965 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of Skyworks Solutions worth $8,268,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in SWKS. BlackRock Inc. bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $1,393,584,000. Pzena Investment Management LLC grew its position in Skyworks Solutions by 27.6% in the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock valued at $862,591,000 after acquiring an additional 3,481,658 shares during the period. Dimensional Fund Advisors LP grew its position in Skyworks Solutions by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock valued at $246,978,000 after acquiring an additional 753,004 shares during the period. Bank of America Corp DE acquired a new position in Skyworks Solutions during the second quarter worth $180,898,000. Finally, First Trust Advisors LP raised its stake in Skyworks Solutions by 51.7% during the first quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock worth $118,818,000 after acquiring an additional 756,280 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently issued reports on SWKS. Mizuho lifted their target price on shares of Skyworks Solutions from $52.00 to $61.00 and gave the company an “underperform” rating in a research note on Friday, October 9th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. B. Riley Financial upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $68.00 to $107.00 in a research report on Tuesday, October 6th. William Blair reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Finally, Morgan Stanley cut their price objective on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $80.53.
Read Our Latest Report on Skyworks Solutions
Skyworks Solutions Stock Performance
Shares of NASDAQ:SWKS opened at $83.47 on Friday. 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 1-year low of $51.93 and a 1-year high of $92.80. The stock has a market capitalization of $12.56 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.27 and a beta of 1.48. The business has a 50-day moving average price of $78.73 and a two-hundred day moving average price of $70.94.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. During the same period in the prior year, the business posted $1.33 earnings per share. Skyworks Solutions’s revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts predict that Skyworks Solutions, Inc. will post 3.61 earnings per share for the current year.
Skyworks Solutions Profile
Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.
The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.
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