Alberta Investment Management Corp bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 139,000 shares of the semiconductor manufacturer's stock, valued at approximately $9,424,000. Alberta Investment Management Corp owned 0.09% of Skyworks Solutions at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in Skyworks Solutions during the second quarter worth approximately $143,597,000. ABN AMRO Bank N.V. acquired a new position in Skyworks Solutions in the 2nd quarter valued at $446,000. Trust Asset Management LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at $120,000. Wedge Capital Management L L P NC lifted its position in shares of Skyworks Solutions by 28.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 155,757 shares of the semiconductor manufacturer's stock valued at $10,560,000 after acquiring an additional 34,543 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Skyworks Solutions by 12.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 49,300 shares of the semiconductor manufacturer's stock worth $3,343,000 after purchasing an additional 5,300 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.
Skyworks Solutions Price Performance
SWKS stock opened at $69.62 on Monday. The company has a market capitalization of $10.48 billion, a P/E ratio of 36.07 and a beta of 1.51. The company has a fifty day moving average price of $66.05 and a 200-day moving average price of $63.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.05. The business had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.Skyworks Solutions's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Craig Hallum raised their price target on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. 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 for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Bank of America reissued an "underperform" rating and issued a $65.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 29th. Finally, B. Riley Financial boosted their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $74.22.
Check Out Our Latest Analysis on SWKS
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Skyworks Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skyworks Solutions wasn't on the list.
While Skyworks Solutions currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
