Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Mitsubishi UFJ Asset Management initiated a Skyworks Solutions position of 199,844 shares valued at approximately $13.5 million, while institutional investors collectively own 85.43% of the company.
• Skyworks beat quarterly estimates with EPS of $1.08 versus $1.03 expected and revenue of $934.8 million, though revenue declined 3.1% year over year and EPS fell from $1.33 a year earlier.
• Analyst sentiment remains cautious: the stock has an average “Hold” rating and a $74.22 target price, with several firms recently lowering their targets. Shares opened at $67.94, compared with a 52-week range of $51.93 to $90.90.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 199,844 shares of the semiconductor manufacturer's stock, valued at approximately $13,549,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.13% of Skyworks Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWKS. Plato Investment Management Ltd bought a new stake in shares of Skyworks Solutions in the second quarter worth about $49,000. Old West Investment Management LLC purchased a new stake in Skyworks Solutions during the second quarter valued at approximately $20,006,000. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions in the second quarter worth $28,000. Global Retirement Partners LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth about $159,000. Finally, Alberta Investment Management Corp bought a new stake in Skyworks Solutions in the second quarter worth about $9,424,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $67.94 on Friday. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The business's fifty day simple moving average is $65.64 and its 200-day simple moving average is $63.84. 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 company has a market cap of $10.22 billion, a PE ratio of 35.20 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $925.97 million. During the same period last year, the firm posted $1.33 EPS. Skyworks Solutions'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. Analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SWKS shares. Royal Bank Of Canada decreased their target price on Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 29th. Morgan Stanley lowered their price target on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, July 29th. Weiss Ratings raised 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 price objective on Skyworks Solutions from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus decreased their target price on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $74.22.

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.

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