Coppell Advisory Solutions LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 36,347 shares of the semiconductor manufacturer's stock, valued at approximately $2,333,000.
Several other hedge funds also recently modified their holdings of SWKS. Rehmann Capital Advisory Group grew its holdings in Skyworks Solutions by 8.9% in the second quarter. Rehmann Capital Advisory Group now owns 4,924 shares of the semiconductor manufacturer's stock worth $334,000 after purchasing an additional 402 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Skyworks Solutions during the second quarter valued at about $418,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Skyworks Solutions by 2.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,642 shares of the semiconductor manufacturer's stock worth $722,000 after purchasing an additional 288 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Skyworks Solutions by 11.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 7,550 shares of the semiconductor manufacturer's stock worth $512,000 after purchasing an additional 800 shares in the last quarter. Finally, Mufg Securities Americas Inc. grew its stake in shares of Skyworks Solutions by 8.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 4,530 shares of the semiconductor manufacturer's stock valued at $307,000 after buying an additional 369 shares during the period. Institutional investors own 85.43% of the company's stock.
Skyworks Solutions Price Performance
SWKS stock opened at $71.67 on Thursday. The company has a market capitalization of $10.78 billion, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.52. 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. The business has a 50-day simple moving average of $64.62 and a two-hundred day simple moving average of $64.28.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The firm had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same period in the prior year, the business posted $1.33 earnings per share. The company's quarterly revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on SWKS. TD Cowen decreased their target price on Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Monday, July 27th. Royal Bank Of Canada decreased their price objective on Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating for the company in a report on Wednesday, July 29th. Loop Capital upped their target price on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Finally, Craig Hallum increased their target price on Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $74.00.
Check Out Our Latest Stock Analysis on Skyworks Solutions
About Skyworks Solutions
(
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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