Hsbc Holdings PLC Buys Shares of 315,906 Skyworks Solutions, Inc. $SWKS

Key Points

• Hsbc Holdings PLC acquired 315,906 Skyworks Solutions shares during the second quarter, worth approximately $21.5 million and representing 0.21% of the company. Institutional investors collectively own 85.43% of SWKS.
• Analysts maintain a broadly neutral outlook, with an average rating of “Hold” and an average price target of $74.00. Recent targets range from $65 to $85.
• Skyworks beat quarterly earnings and revenue expectations, reporting $1.08 in EPS and $934.8 million in revenue, although revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Hsbc Holdings PLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 315,906 shares of the semiconductor manufacturer's stock, valued at approximately $21,541,000. Hsbc Holdings PLC owned 0.21% of Skyworks Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SWKS. AdvisorNet Financial Inc increased its stake 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 shares of Skyworks Solutions during the 2nd quarter worth about $28,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $29,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $33,000. Institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SWKS. Craig Hallum raised their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Weiss Ratings upgraded Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. BMO Capital Markets initiated coverage on Skyworks Solutions in a research report on Friday, August 21st. They set a "market perform" rating and a $70.00 price target on the stock. Finally, Loop Capital boosted their price objective on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and an average target price of $74.00.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $67.36 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The firm's 50 day moving average is $65.04 and its 200-day moving average is $64.11. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The stock has a market capitalization of $10.14 billion, a P/E ratio of 34.90 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. The business had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

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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