Sequoia Financial Advisors LLC Acquires 12,203 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Sequoia Financial Advisors increased its Skyworks Solutions stake by 154.2% in the second quarter, buying 12,203 additional shares for a total of 20,115 shares valued at approximately $1.36 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.
• The stock has rallied on potential merger discussions with Qorvo and broader strength in smartphone-chip shares, but it trades well above the analyst consensus target of $74, with most analysts rating it Hold. Elevated valuation, reduced dividends, leverage and possible volatility from heavy short interest remain risks.

Sequoia Financial Advisors LLC grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 154.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,115 shares of the semiconductor manufacturer's stock after purchasing an additional 12,203 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Skyworks Solutions were worth $1,364,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Skyworks Solutions by 1.9% during the second quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer's stock valued at $537,000 after buying an additional 145 shares during the period. Empirical Finance LLC raised its position in Skyworks Solutions by 3.2% in the second quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer's stock worth $393,000 after acquiring an additional 182 shares during the period. Parkside Financial Bank & Trust raised its position in Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 206 shares during the period. AAFMAA Wealth Management & Trust LLC raised its position in Skyworks Solutions by 3.2% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer's stock worth $468,000 after acquiring an additional 212 shares during the period. Finally, Unison Advisors LLC boosted its stake in Skyworks Solutions by 1.2% in the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer's stock valued at $986,000 after acquiring an additional 219 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions News Summary

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: The proposed Skyworks-Qorvo merger is reportedly entering its final stages, giving investors a potential catalyst tied to greater scale, cost efficiencies and a stronger position in radio-frequency semiconductor markets. Skyworks Solutions and Qorvo surge as merger enters final stages
• Positive Sentiment: Skyworks is benefiting from a broad rally in smartphone-chip stocks, with investors also bidding up Qorvo and Qualcomm. The sector strength is notable because large-cap technology shares were generally lower, suggesting company- and industry-specific buying. Smartphone Chip Stocks Rally While Large-Cap Technology Slips
• Positive Sentiment: The stock resumed its advance after a one-day setback, with momentum carrying it to the top of the S&P 500’s daily performers. Skyworks Solutions Stock Tops S&P 500
• Neutral Sentiment: Heavy short interest may be amplifying the rally, as positive merger news or sector momentum could prompt short sellers to cover positions. This can support near-term gains but also increase volatility. These 10 Stocks Are Squeeze Candidates Waiting to Happen
• Negative Sentiment: Risks include the shares trading above recent analyst price targets, a reduced dividend, increased leverage and reported insider selling. A sharp decline the previous day also highlights the possibility that the current rally is overextended. Skyworks Is Trading 18% Above Its Own Price Target

Skyworks Solutions Price Performance

SWKS opened at $90.00 on Wednesday. The firm has a 50-day moving average price of $67.15 and a 200-day moving average price of $65.45. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $92.30. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 2.18 and a beta of 1.52.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.05. The company had revenue of $934.80 million for the quarter, compared to analysts' expectations of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Wall Street Analyst Weigh In

SWKS has been the subject of a number of research reports. BMO Capital Markets initiated coverage on shares of Skyworks Solutions in a research report on Friday, August 21st. They set a "market perform" rating and a $70.00 target price for the company. Mizuho lowered their price target 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. Citigroup dropped their price objective on Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. KeyCorp lowered Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Tuesday, July 14th. Finally, Morgan Stanley decreased their target price on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $74.00.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc NASDAQ: SWKS is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company's products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.

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