Deutsche Bank AG Acquires Shares of 471,938 Skyworks Solutions, Inc. $SWKS

Key Points

• Deutsche Bank acquired 471,938 shares of Skyworks Solutions in the second quarter, valued at approximately $32 million. Institutional investors collectively own 85.43% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $74. Recent targets range from $52 to $85.
• Skyworks exceeded quarterly earnings and revenue expectations, reporting $1.08 EPS and $934.8 million in revenue, although revenue declined 3.1% year over year and shares were trading down 1.2% at $67.14.

Deutsche Bank AG bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 471,938 shares of the semiconductor manufacturer's stock, valued at approximately $31,997,000. Deutsche Bank AG owned 0.31% of Skyworks Solutions at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Jackson Creek Investment Advisors LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth about $1,388,000. AlphaQuest LLC increased 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 purchasing an additional 46,357 shares during the period. Vanguard Group Inc. increased its holdings 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 purchasing an additional 389,168 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position 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 in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Skyworks Solutions by 22.8% in the first quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer's stock worth $114,032,000 after purchasing an additional 396,057 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SWKS has been the subject of a number of research analyst reports. Mizuho cut their target price on shares of Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating for the company in a research report on Wednesday, July 29th. UBS Group upped 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. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a report on Monday, July 27th. Craig Hallum lifted their price objective on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and an average price target of $74.00.

Skyworks Solutions Trading Down 1.2%

Shares of SWKS stock opened at $67.14 on Friday. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. The company has a market cap of $10.10 billion, a PE ratio of 34.79 and a beta of 1.51. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $65.50 and its two-hundred day moving average is $63.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business 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 firm earned $1.33 EPS. Skyworks Solutions'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. Equities analysts predict that Skyworks Solutions, Inc. will post 3.64 EPS for the current 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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