Hsbc Holdings PLC Sells 148,542 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• HSBC Holdings reduced its Skyworks Solutions stake by 32%, selling 148,542 shares and retaining 315,906 shares valued at approximately $21.5 million. Institutional investors collectively own 85.43% of the company.
• Skyworks reported quarterly EPS of $1.08, beating the $1.03 consensus estimate, while revenue of $934.8 million also exceeded expectations; however, revenue declined 3.1% year over year.
• Analysts remain cautious, with the stock carrying an overall “Hold” rating and an average price target of $74. Recent firms including TD Cowen, RBC, Mizuho, and BMO lowered or set targets between $52 and $70.

Hsbc Holdings PLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 32.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 315,906 shares of the semiconductor manufacturer's stock after selling 148,542 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of Skyworks Solutions worth $21,541,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Skyworks Solutions in the second quarter worth $1,393,584,000. Pzena Investment Management LLC increased its position in shares of Skyworks Solutions by 27.6% during the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer's stock worth $862,591,000 after purchasing an additional 3,481,658 shares in the last quarter. State Street Corp lifted its holdings in shares of Skyworks Solutions by 1.0% during the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer's stock valued at $418,557,000 after purchasing an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Skyworks Solutions by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer's stock valued at $374,229,000 after purchasing an additional 137,506 shares during the last quarter. Finally, FIL Ltd boosted its position in shares of Skyworks Solutions by 50.5% in the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer's stock worth $329,111,000 after purchasing an additional 1,742,338 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $75.38 on Wednesday. The business has a fifty day moving average of $65.05 and a 200 day moving average of $64.61. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90. 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 has a market capitalization of $11.34 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.03 and a beta of 1.52.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating 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 business had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the previous year, the business earned $1.33 EPS. 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. As a group, research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SWKS has been the topic of several research analyst 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 note on Wednesday, July 29th. BMO Capital Markets initiated coverage on Skyworks Solutions in a research note on Friday, August 21st. They set a "market perform" rating and a $70.00 price target on the stock. Royal Bank Of Canada cut their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 29th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Finally, Mizuho lowered 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 note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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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