35,374 Shares in Skyworks Solutions, Inc. $SWKS Bought by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management initiated a position of 35,374 Skyworks Solutions shares worth approximately $2.4 million. Institutional investors collectively own 85.43% of the company.
• Skyworks reported quarterly EPS of $1.08, exceeding estimates of $1.03, while revenue reached $934.8 million. However, revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.
• Analysts maintain a consensus “Hold” rating, with an average price target of $74 versus the stock’s recent price of $65.79.

Rakuten Investment Management Inc. bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,374 shares of the semiconductor manufacturer's stock, valued at approximately $2,395,000.

Several other institutional investors and hedge funds have also made changes to their positions in SWKS. Jackson Creek Investment Advisors LLC acquired a new stake in Skyworks Solutions during the 4th quarter valued at $1,388,000. AlphaQuest LLC raised its stake in Skyworks Solutions by 662.4% in the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer's stock valued at $3,383,000 after purchasing an additional 46,357 shares during the last quarter. Bank of America Corp DE lifted its holdings in 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 purchasing an additional 396,057 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in 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 purchasing an additional 118,909 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $27,949,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $65.79 on Monday. The firm's 50-day simple moving average is $64.91 and its 200-day simple moving average is $64.14. 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, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The firm has a market cap of $9.90 billion, a P/E ratio of 34.09 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results 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 net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same period in the previous year, the firm earned $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. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SWKS. BNP Paribas Exane upped their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Bank of America reaffirmed an "underperform" rating and issued a $65.00 target price on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Citigroup cut their price target on Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Morgan Stanley reduced their price target on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.00.

Skyworks Solutions 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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