50,366 Shares in Skyworks Solutions, Inc. $SWKS Acquired by Bank of Nova Scotia

Bank of Nova Scotia acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,366 shares of the semiconductor manufacturer's stock, valued at approximately $3,415,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Commerce Bank bought a new stake in Skyworks Solutions in the second quarter worth approximately $777,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $722,000. Quantbot Technologies LP acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $102,000. Evolve Private Wealth LLC bought a new stake in Skyworks Solutions in the second quarter worth $473,000. Finally, EP Wealth Advisors LLC bought a new stake in Skyworks Solutions in the second quarter worth $347,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

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

Skyworks Solutions (NASDAQ:SWKS - Get 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 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 business earned $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, analysts predict that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SWKS shares. JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Weiss Ratings raised Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. B. Riley Financial boosted their target price on Skyworks Solutions from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Stifel Nicolaus reduced their target price on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Finally, Bank of America reaffirmed an "underperform" rating and set a $65.00 target price on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $74.00.

About Skyworks Solutions

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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