Jupiter Topco LLC Buys Shares of 67,244 Skyworks Solutions, Inc. $SWKS

Key Points

• Jupiter Topco LLC acquired 67,244 Skyworks Solutions shares during the second quarter, valued at approximately $4.56 million. Institutional investors and hedge funds collectively own 85.43% of the company.
• Analyst sentiment remains cautious, with Skyworks holding a consensus rating of “Hold” from MarketBeat and an average price target of $74.00.
• Skyworks exceeded quarterly earnings and revenue expectations, reporting $1.08 in EPS and $934.8 million in revenue, although revenue declined 3.1% year over year.

Jupiter Topco LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,244 shares of the semiconductor manufacturer's stock, valued at approximately $4,560,000.

Other hedge funds have also made changes to their positions in the company. J.Safra Asset Management Corp acquired a new position in shares of Skyworks Solutions in the second quarter valued at approximately $28,000. CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth approximately $32,000. MUFG Securities EMEA plc acquired a new stake in Skyworks Solutions during the 2nd quarter worth approximately $33,000. Fideuram Asset Management Ireland dac purchased a new position in Skyworks Solutions in the 4th quarter valued at approximately $29,000. Finally, Hara Capital LLC purchased a new position in Skyworks Solutions in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SWKS shares. Weiss Ratings raised Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. BNP Paribas Exane lifted their target price on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. B. Riley Financial boosted their target price on Skyworks Solutions from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. BMO Capital Markets started coverage on Skyworks Solutions in a report on Friday, August 21st. They set a "market perform" rating and a $70.00 price target on the stock. Finally, TD Cowen decreased their price objective on Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. Four equities 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $74.00.

Skyworks Solutions Stock Up 1.9%

SWKS stock opened at $67.01 on Tuesday. The stock has a market cap of $10.08 billion, a P/E ratio of 34.72 and a beta of 1.51. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The company's 50 day moving average is $64.73 and its two-hundred day moving average is $64.18.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS 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 the consensus estimate of $925.97 million. During the same period last year, the firm posted $1.33 EPS. The company's 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. Research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source