Algert Global LLC Raises Stock Holdings in Skyworks Solutions, Inc. $SWKS

Key Points

• Algert Global increased its Skyworks Solutions stake by 123.3% in the second quarter, holding 91,280 shares worth approximately $6.19 million. Institutional investors collectively own 85.43% of the company.
• Skyworks beat quarterly expectations, reporting $1.08 in adjusted earnings per share versus estimates of $1.03 and revenue of $934.8 million, although revenue declined 3.1% year over year.
• Analyst sentiment remains cautious: the stock carries a consensus “Hold” rating with an average price target of $74, while several firms recently lowered their targets to between $64 and $65.

Algert Global LLC raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 123.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,280 shares of the semiconductor manufacturer's stock after purchasing an additional 50,400 shares during the period. Algert Global LLC owned 0.06% of Skyworks Solutions worth $6,189,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp purchased a new stake in Skyworks Solutions in the second quarter worth approximately $809,000. Sanctuary Advisors LLC purchased a new stake in Skyworks Solutions in the second quarter worth about $574,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Skyworks Solutions during the second quarter valued at approximately $1,504,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Skyworks Solutions during the 2nd quarter valued at $215,000. Finally, Twin Tree Management LP purchased a new position in shares of Skyworks Solutions in the second quarter valued at about $937,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Trading Up 1.4%

Shares of Skyworks Solutions stock opened at $66.62 on Thursday. The stock has a market cap of $10.02 billion, a PE ratio of 34.52 and a beta of 1.51. The firm has a fifty day moving average price of $65.15 and a 200 day moving average price of $64.08. 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.

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 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 company had revenue of $934.80 million during the quarter, compared to analysts' expectations of $925.97 million. During the same quarter in the previous year, the company earned $1.33 earnings per share. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities research analysts predict that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SWKS. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Morgan Stanley decreased their price target on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 29th. Citigroup reduced their target price on shares of Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Finally, TD Cowen dropped their price objective on Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating on the stock in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and an average 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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