Skyworks Solutions, Inc. $SWKS Holdings Raised by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Skyworks stake by 705.4% in the third quarter, adding 36,622 shares to reach 41,814 shares valued at $3.68 million.
• Skyworks reported quarterly EPS of $1.28, slightly above the $1.27 consensus, and revenue of $1.05 billion versus estimates of $1.04 billion.
• Analysts’ consensus rating is Hold, with an average price target of $77.28; shares opened at $82.83.

Fulcrum Asset Management LLP grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 705.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,814 shares of the semiconductor manufacturer's stock after buying an additional 36,622 shares during the period. Fulcrum Asset Management LLP's holdings in Skyworks Solutions were worth $3,681,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SWKS. Caitlin John LLC purchased a new stake in shares of Skyworks Solutions in the second quarter valued at $27,000. Parkside Financial Bank & Trust boosted its stake in shares of Skyworks Solutions by 108.4% during the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 206 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $28,000. Fortitude Family Office LLC increased its position in Skyworks Solutions by 254.7% during the 3rd quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 242 shares in the last quarter. Finally, Hara Capital LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $35,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

SWKS stock opened at $82.83 on Tuesday. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 72.66, a price-to-earnings-growth ratio of 2.10 and a beta of 1.51. The company has a quick ratio of 1.94, a current ratio of 3.34 and a debt-to-equity ratio of 0.43. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $92.80. The stock's fifty day simple moving average is $82.48 and its 200-day simple moving average is $68.30.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Skyworks Solutions had a return on equity of 9.70% and a net margin of 4.35%. Equities research analysts expect that Skyworks Solutions, Inc. will post 3.78 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Skyworks Solutions from $95.00 to $80.00 and set a "sector perform" rating on the stock in a report on Wednesday, November 4th. Citigroup decreased their price target on shares of Skyworks Solutions from $90.00 to $79.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 4th. Zacks Research upgraded shares of Skyworks Solutions from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 4th. BMO Capital Markets started coverage on shares of Skyworks Solutions in a research report on Friday, August 21st. They issued a "market perform" rating and a $70.00 price objective for the company. Finally, Morgan Stanley set a $93.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $77.28.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc designs and manufactures semiconductor products that connect people, devices and networks. Its portfolio includes radio-frequency (RF) components and other analog and mixed-signal solutions used to transmit, receive and process signals.

The company's products include amplifiers, filters, switches and integrated RF modules, as well as connectivity solutions. They are used in smartphones and other mobile devices, automotive systems, broadband equipment, wireless infrastructure and Internet of Things applications.

Headquartered in Irvine, California, Skyworks serves customers around the world.

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