Canada Pension Plan Investment Board purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 622,310 shares of the semiconductor manufacturer's stock, valued at approximately $42,193,000. Canada Pension Plan Investment Board owned about 0.41% of Skyworks Solutions at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jackson Creek Investment Advisors LLC acquired 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 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer's stock valued at $3,383,000 after buying an additional 46,357 shares during the period. Bank of America Corp DE grew its holdings in shares of Skyworks Solutions by 22.8% in the 1st quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer's stock valued at $114,032,000 after buying an additional 396,057 shares during the period. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer's stock valued at $1,338,198,000 after buying an additional 389,168 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Skyworks Solutions by 1,718.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer's stock worth $7,980,000 after buying an additional 118,909 shares during the period. 85.43% of the stock is owned by institutional investors.
Analysts Set New Price Targets
SWKS has been the topic of several recent analyst reports. William Blair reiterated a "buy" rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Morgan Stanley lowered their price target on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, July 29th. BNP Paribas Exane raised their price target on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Mizuho cut their price objective on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a report on Wednesday, July 29th. Finally, Bank of America reiterated an "underperform" rating and issued a $65.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $74.00.
View Our Latest Analysis on SWKS
Skyworks Solutions Trading Up 1.1%
NASDAQ SWKS opened at $67.36 on Friday. The company has a market cap of $10.14 billion, a PE ratio of 34.90 and a beta of 1.51. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $65.04 and a 200-day moving average of $64.11. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS 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 the consensus estimate of $925.97 million. During the same quarter last year, the firm posted $1.33 EPS. The company's quarterly 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. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.
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.
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