Empowered Funds LLC Acquires New Stake in Skyworks Solutions, Inc. $SWKS

Key Points

• Empowered Funds LLC acquired 22,375 shares of Skyworks Solutions during the second quarter, valued at approximately $1.52 million. Institutional investors collectively own 85.43% of the company.
• Skyworks exceeded quarterly earnings expectations, reporting $1.08 in EPS versus the $1.03 consensus and revenue of $934.8 million, although revenue declined 3.1% year over year and EPS fell from $1.33 a year earlier.
• Analyst sentiment remains cautious: the stock has an average “Hold” rating and a $74 price target, with several firms recently lowering their targets. Shares opened at $71.50, above their 50-day and 200-day moving averages.

Empowered Funds LLC bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,375 shares of the semiconductor manufacturer's stock, valued at approximately $1,517,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SWKS. Caitlin John LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $27,000. AdvisorNet Financial Inc increased its holdings in Skyworks Solutions by 93.8% during the first 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 position in Skyworks Solutions in the second quarter worth approximately $28,000. Fideuram Asset Management Ireland dac bought a new position in Skyworks Solutions in the fourth quarter worth approximately $29,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Skyworks Solutions during the second quarter worth $32,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $71.50 on Friday. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The business's fifty day simple moving average is $64.65 and its 200-day simple moving average is $64.35. 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 company has a market cap of $10.76 billion, a PE ratio of 37.05, a PEG ratio of 1.97 and a beta of 1.52.

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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $925.97 million. During the same quarter last year, the firm earned $1.33 EPS. The business'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. Analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SWKS has been the topic of several recent research reports. TD Cowen dropped their target price on Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating on the stock in a research report on Wednesday, July 29th. Bank of America restated an "underperform" rating and set a $65.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 29th. UBS Group raised their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Citigroup cut their target price on Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus reduced their target price on shares of Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $74.00.

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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