BlackRock Inc. Acquires New Holdings in Skyworks Solutions, Inc. $SWKS

BlackRock Inc. bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,554,331 shares of the semiconductor manufacturer's stock, valued at approximately $1,393,584,000. BlackRock Inc. owned about 13.66% of Skyworks Solutions at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Quest 10 Wealth Builders Inc. grew its holdings in shares of Skyworks Solutions by 488.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 342 shares during the period. AdvisorNet Financial Inc boosted its position in Skyworks Solutions by 93.8% in the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 257 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $28,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $32,000. Institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Morgan Stanley cut their target price on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 29th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Monday, July 27th. B. Riley Financial increased their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. Finally, UBS Group lifted their price target 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. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $74.22.

Skyworks Solutions Price Performance

SWKS stock opened at $67.94 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The company's fifty day moving average price is $65.64 and its 200-day moving average price is $63.84. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The company has a market capitalization of $10.22 billion, a PE ratio of 35.20 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate 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 net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions's quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

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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