Legal & General Group Plc Acquires Shares of 280,135 Skyworks Solutions, Inc. $SWKS

Key Points

• Legal & General Group Plc acquired 280,135 shares of Skyworks Solutions, valued at approximately $18.99 million, giving it a 0.19% stake. Institutional investors collectively own 85.43% of the company.
• Analyst sentiment remains mixed but leans toward “Hold”: four analysts rate the stock a Buy, 18 a Hold, and two a Sell, with an average price target of $74.
• Skyworks exceeded quarterly expectations with EPS of $1.08 versus the $1.03 consensus and revenue of $934.8 million, though revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Legal & General Group Plc bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 280,135 shares of the semiconductor manufacturer's stock, valued at approximately $18,993,000. Legal & General Group Plc owned approximately 0.19% of Skyworks Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in shares of Skyworks Solutions during the second quarter valued at about $10,535,000. Paradigm Capital Management Inc. NY bought a new stake in Skyworks Solutions in the 2nd quarter worth about $8,929,000. Algert Global LLC increased its stake in Skyworks Solutions by 123.3% in the 2nd quarter. Algert Global LLC now owns 91,280 shares of the semiconductor manufacturer's stock valued at $6,189,000 after buying an additional 50,400 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $809,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $574,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SWKS shares. William Blair reaffirmed a "buy" rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Stifel Nicolaus cut their price objective on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings upgraded Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. B. Riley Financial raised their target price on Skyworks Solutions from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Finally, Mizuho lowered their target price on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of "Hold" and an average price target of $74.00.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $65.79 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 current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The business's 50 day simple moving average is $64.91 and its 200 day simple moving average is $64.13. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 34.09 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.05. The business had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The business's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current 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.

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.