NFJ Investment Group LLC Purchases New Shares in Skyworks Solutions, Inc. $SWKS

Key Points

• NFJ Investment Group acquired 136,569 Skyworks Solutions shares in the second quarter, valued at approximately $9.3 million. Institutional investors and hedge funds collectively own 85.43% of the company.
• Analysts maintain a largely neutral outlook, with a consensus “Hold” rating and an average price target of $74.22. Recent targets range from $52 to $70, with Bank of America and Mizuho maintaining “Underperform” ratings.
• Skyworks exceeded quarterly earnings and revenue estimates, reporting $1.08 in EPS and $934.8 million in revenue, though revenue declined 3.1% year over year and prior-year EPS was higher at $1.33.

NFJ Investment Group LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 136,569 shares of the semiconductor manufacturer's stock, valued at approximately $9,259,000. NFJ Investment Group LLC owned approximately 0.09% of Skyworks Solutions as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $1,393,584,000. Pzena Investment Management LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth about $1,082,972,000. Bank of New York Mellon Corp acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth about $143,597,000. Norges Bank acquired a new position in shares of Skyworks Solutions during the 4th quarter worth about $121,304,000. Finally, FIL Ltd lifted its stake in Skyworks Solutions by 50.5% in the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer's stock valued at $329,111,000 after buying an additional 1,742,338 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SWKS shares. Bank of America reiterated an "underperform" rating and issued a $65.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 29th. Mizuho reduced their target price on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating for the company in a report on Wednesday, July 29th. Weiss Ratings upgraded Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Royal Bank Of Canada lowered their price target on Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane boosted their price target on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of "Hold" and an average target price of $74.22.

Skyworks Solutions Stock Performance

SWKS opened at $67.94 on Friday. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The firm has a market capitalization of $10.22 billion, a PE ratio of 35.20 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. The firm's 50-day moving average price is $65.64 and its 200 day moving average price is $63.84.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the prior year, the firm earned $1.33 EPS. Skyworks Solutions's quarterly 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. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

Skyworks Solutions Company 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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