Wealthfront Advisers LLC purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 8,877 shares of the semiconductor manufacturer’s stock, valued at approximately $602,000.
Several other hedge funds and other institutional investors have also bought and sold shares of SWKS. Jackson Creek Investment Advisors LLC bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $1,388,000. AlphaQuest LLC boosted its position in shares of Skyworks Solutions by 662.4% during the fourth quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after purchasing an additional 46,357 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Skyworks Solutions by 1,718.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock valued at $7,980,000 after buying an additional 118,909 shares during the period. Vanguard Group Inc. grew its holdings in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after buying an additional 389,168 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Skyworks Solutions by 22.8% in the 1st quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock valued at $114,032,000 after buying an additional 396,057 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.
Analyst Ratings Changes
SWKS has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. TD Cowen lowered their price objective 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. William Blair restated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Royal Bank Of Canada cut their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reduced their target price 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. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $74.00.
Skyworks Solutions Stock Performance
Shares of SWKS stock opened at $67.14 on Friday. The company has a fifty day moving average price of $65.50 and a two-hundred day moving average price of $63.86. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The stock has a market cap of $10.10 billion, a P/E ratio of 34.79 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last released 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. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. During the same period last year, the firm posted $1.33 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.
Skyworks Solutions Company Profile
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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