Meeder Asset Management Inc. purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 48,252 shares of the semiconductor manufacturer's stock, valued at approximately $3,271,000.
A number of other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $1,082,972,000. BlackRock Inc. acquired a new position in Skyworks Solutions in the second quarter worth approximately $1,393,584,000. Deutsche Bank AG bought a new stake in Skyworks Solutions in the second quarter worth approximately $31,997,000. Perigon Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at $241,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Skyworks Solutions in the second quarter worth $13,549,000. Institutional investors and hedge funds own 85.43% of the company's stock.
Skyworks Solutions Stock Down 0.4%
SWKS opened at $67.43 on Wednesday. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year 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 stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 34.94 and a beta of 1.51. The business has a 50 day moving average of $65.77 and a 200-day moving average of $63.66.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.05. The business had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on SWKS. Citigroup decreased their price target on Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. BNP Paribas Exane lifted their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 29th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Monday, July 27th. Finally, Mizuho dropped their target price on shares of Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of "Hold" and a consensus price target of $74.22.
View Our Latest Stock Analysis on SWKS
About Skyworks Solutions
(
Free Report)
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.
See Also
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