Royal Bank of Canada Decreases Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Royal Bank of Canada cut its Skyworks Solutions stake by 22.4% in the first quarter, selling 48,103 shares and retaining 166,726 shares valued at approximately $8.9 million. Institutional investors collectively own 85.43% of the company.
• Skyworks reported quarterly EPS of $1.08, beating estimates of $1.03, while revenue of $934.8 million also exceeded expectations. However, revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and an average price target of $74.22; several firms recently lowered their targets, including RBC to $70.

Royal Bank of Canada decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 22.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 166,726 shares of the semiconductor manufacturer's stock after selling 48,103 shares during the period. Royal Bank of Canada owned approximately 0.11% of Skyworks Solutions worth $8,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWKS. Jackson Creek Investment Advisors LLC purchased a new position in shares of Skyworks Solutions in the fourth quarter worth $1,388,000. AlphaQuest LLC grew its holdings in shares of Skyworks Solutions by 662.4% during the fourth quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer's stock valued at $3,383,000 after buying an additional 46,357 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer's stock valued at $1,338,198,000 after acquiring an additional 389,168 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Skyworks Solutions by 1,718.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer's stock valued at $7,980,000 after acquiring an additional 118,909 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Skyworks Solutions in the 4th quarter worth $27,949,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $70.62 on Monday. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The stock has a market cap of $10.63 billion, a P/E ratio of 36.59 and a beta of 1.51. The stock has a 50 day moving average of $66.90 and a 200 day moving average of $63.16. 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 (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, topping the consensus estimate of $1.03 by $0.05. The business had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. 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 year.

Analysts Set New Price Targets

Several analysts have weighed in on SWKS shares. William Blair reiterated a "buy" rating on shares of Skyworks Solutions in a research note 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. 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 report on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 29th. Finally, Morgan Stanley cut their price target on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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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