Skyworks Solutions, Inc. $SWKS Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments opened a new position in Skyworks Solutions, buying 47,432 shares worth about $4.05 million in the third quarter. Institutional investors collectively own 85.43% of the company.
• Skyworks reported quarterly EPS of $1.28 and revenue of $1.05 billion, narrowly beating analyst estimates on both measures. Its shares recently traded at $82.19.
• Analyst views are mixed: the consensus rating is Hold with a $77.28 price target, despite a recent Zacks upgrade to Strong Buy; several firms lowered targets or expressed caution.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 47,432 shares of the semiconductor manufacturer's stock, valued at approximately $4,054,000.

Several other large investors have also made changes to their positions in SWKS. Vise Technologies Inc. grew its holdings in Skyworks Solutions by 19.3% during the third quarter. Vise Technologies Inc. now owns 5,567 shares of the semiconductor manufacturer's stock valued at $476,000 after purchasing an additional 899 shares during the last quarter. Cidel Asset Management Inc. bought a new position in Skyworks Solutions in the 3rd quarter worth $234,000. Unison Advisors LLC grew its position in shares of Skyworks Solutions by 1.2% in the third quarter. Unison Advisors LLC now owns 18,845 shares of the semiconductor manufacturer's stock valued at $1,611,000 after purchasing an additional 218 shares during the last quarter. MGO One Seven LLC lifted its holdings in shares of Skyworks Solutions by 16.9% during the third quarter. MGO One Seven LLC now owns 4,077 shares of the semiconductor manufacturer's stock worth $349,000 after buying an additional 589 shares during the last quarter. Finally, Avestar Capital LLC bought a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $289,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded up $0.98 during mid-day trading on Friday, reaching $82.19. 4,007,602 shares of the stock were exchanged, compared to its average volume of 5,337,441. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $92.80. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 72.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.51. The firm has a 50-day simple moving average of $82.14 and a 200 day simple moving average of $68.17. 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 results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. On average, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research upgraded Skyworks Solutions from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Bank of America decreased their price target on shares of Skyworks Solutions from $78.00 to $72.00 and set an "underperform" rating on the stock in a research note on Wednesday. Royal Bank Of Canada lowered their price target 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. BMO Capital Markets started 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 on the stock. Finally, Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.28.

Key Stories Impacting Skyworks Solutions

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

• Positive Sentiment: Zacks upgraded Skyworks to Rank #1 (Strong Buy), citing improving earnings prospects; the upgrade could support investor optimism. All You Need to Know About Skyworks Rating Upgrade to Strong Buy
• Neutral Sentiment: Goldman Sachs was reported among institutions picking up SWKS shares, though the headline provides no details on the size or timing of the purchase. Skyworks Stock Picked Up by Analysts at The Goldman Sachs Group
• Negative Sentiment: Analyst caution is more widespread: Barclays cut its rating from Overweight to Equal Weight and set a $79 target, while TD Cowen maintained a Hold and RBC lowered its expectations. Susquehanna also issued a pessimistic forecast. Reports linked an analyst downgrade to a gap down in SWKS shares. Barclays rating TD Cowen rating RBC lowers expectations Susquehanna forecast
• Negative Sentiment: Weakness across handset-related stocks—including a sharp Qualcomm selloff after cautious guidance and concerns about handset demand—adds a sector headwind for Skyworks. Qualcomm and handset-sector news

About Skyworks Solutions

Skyworks Solutions, Inc NASDAQ: SWKS is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.