Corient Private Wealth LP Invests $14.47 Million in Skyworks Solutions, Inc. $SWKS

Key Points

• Corient Private Wealth LP acquired 213,387 Skyworks Solutions shares worth approximately $14.47 million, representing 0.14% of the company; institutional investors collectively own 85.43% of SWKS.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from 24 analysts and an average price target of $74, compared with the stock’s reported opening price of $65.79.
• Skyworks beat quarterly earnings expectations with $1.08 in EPS versus $1.03 forecast, but revenue fell 3.1% year over year to $934.8 million and EPS declined from $1.33 in the prior-year quarter.

Corient Private Wealth LP bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 213,387 shares of the semiconductor manufacturer's stock, valued at approximately $14,467,000. Corient Private Wealth LP owned 0.14% of Skyworks Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. AdvisorNet Financial Inc boosted its position in Skyworks Solutions by 93.8% during the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 257 shares during the period. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions in the 2nd quarter worth $28,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at about $29,000. CYBER HORNET ETFs LLC purchased a new position in shares of Skyworks Solutions in the second quarter valued at about $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Skyworks Solutions during the second quarter valued at about $33,000. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SWKS. Loop Capital increased their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Mizuho reduced their price target on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a report on Wednesday, July 29th. Bank of America reaffirmed an "underperform" rating and set a $65.00 price target on shares of Skyworks Solutions in a research report on Wednesday, July 29th. BMO Capital Markets started coverage on Skyworks Solutions in a report on Friday, August 21st. They issued a "market perform" rating and a $70.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $74.00.

Skyworks Solutions Trading Down 2.3%

NASDAQ:SWKS opened at $65.79 on Friday. The company has a 50-day moving average price of $64.91 and a 200-day moving average price of $64.13. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. 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 market cap of $9.90 billion, a price-to-earnings ratio of 34.09 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results 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 firm had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The company's revenue for the quarter 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. Equities analysts predict that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Skyworks Solutions Company 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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