Bank of America Corp DE Grows Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Bank of America increased its Skyworks Solutions stake by 22.8% in the first quarter, adding 396,057 shares to own 2.13 million shares valued at approximately $114 million. Institutional investors collectively hold 85.43% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $74.22. Recent target prices generally range from $65 to $70, although Barclays upgraded the stock to “overweight.”
• Skyworks reported quarterly EPS of $1.08, beating estimates of $1.03, while revenue of $934.8 million also exceeded expectations. However, revenue declined 3.1% year over year and earnings fell from $1.33 per share in the prior-year period.

Bank of America Corp DE increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 22.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,129,451 shares of the semiconductor manufacturer's stock after purchasing an additional 396,057 shares during the period. Bank of America Corp DE owned approximately 1.42% of Skyworks Solutions worth $114,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC purchased a new stake in Skyworks Solutions in the fourth quarter worth $1,388,000. AlphaQuest LLC grew its holdings in shares of Skyworks Solutions by 662.4% in 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Skyworks Solutions by 1,718.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer's stock worth $7,980,000 after purchasing an additional 118,909 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Skyworks Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer's stock valued at $1,338,198,000 after purchasing an additional 389,168 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Skyworks Solutions during the 4th quarter worth $27,949,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SWKS shares. JPMorgan Chase & Co. decreased their target price 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. UBS Group upped their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. BNP Paribas Exane increased their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Barclays raised shares of Skyworks Solutions from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $60.00 to $70.00 in a research report on Wednesday, April 22nd. Finally, William Blair reiterated a "buy" rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $74.22.

Skyworks Solutions Stock Up 5.7%

Shares of SWKS stock opened at $70.62 on Friday. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The stock's fifty day moving average price is $66.90 and its 200 day moving average price is $63.12. 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 company has a market cap of $10.63 billion, a price-to-earnings ratio of 36.59 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.05. The company had revenue of $934.80 million during the quarter, compared to analysts' expectations of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The firm's revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

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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