Skyworks Solutions, Inc. $SWKS Shares Sold by ARGA Investment Management LP

Key Points

• ARGA Investment Management cut its Skyworks stake by 93.7% in the third quarter, selling 260,214 shares and retaining 17,542 shares valued at about $1.5 million.
• Other institutions made smaller additions to their positions; institutional investors and hedge funds collectively own 85.43% of Skyworks’ shares.
• Skyworks slightly beat quarterly earnings and revenue estimates, but revenue and adjusted earnings were down year over year, and reports cited a weaker-than-expected outlook amid sluggish smartphone demand.

ARGA Investment Management LP cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 93.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,542 shares of the semiconductor manufacturer's stock after selling 260,214 shares during the quarter. ARGA Investment Management LP's holdings in Skyworks Solutions were worth $1,499,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in Skyworks Solutions by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer's stock worth $537,000 after acquiring an additional 145 shares during the period. North Dakota State Investment Board increased its holdings in shares of Skyworks Solutions by 3.3% in the third quarter. North Dakota State Investment Board now owns 4,598 shares of the semiconductor manufacturer's stock valued at $393,000 after purchasing an additional 148 shares during the period. Empirical Finance LLC increased its holdings in shares of Skyworks Solutions by 3.2% in the second quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer's stock valued at $393,000 after purchasing an additional 182 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of 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 purchasing an additional 206 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC raised its stake in shares of 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 purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $85.40 on Wednesday. The company has a fifty day moving average of $81.21 and a two-hundred day moving average of $67.81. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $92.80. The stock has a market capitalization of $12.85 billion, a PE ratio of 44.25, a P/E/G ratio of 2.32 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 3.61 earnings per share for the current fiscal year.

More Skyworks Solutions News

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

• Positive Sentiment: Skyworks reported adjusted earnings of $1.28 per share, just above the $1.27 consensus estimate, and revenue of about $1.05 billion, slightly ahead of expectations. The company also forecast at least $500 million in annual cost synergies from its Qorvo combination. Skyworks fiscal 2026 results
• Positive Sentiment: The Qorvo combination expands Skyworks’ RF portfolio and reach into markets including defense, infrastructure, automotive and physical AI, offering potential longer-term growth beyond smartphones. Skyworks begins a new chapter following Qorvo combination
• Neutral Sentiment: Morgan Stanley raised its price target to $95 from $72 but kept an equal-weight rating, indicating a higher valuation target without a more bullish recommendation. Morgan Stanley adjusts Skyworks price target
• Negative Sentiment: Revenue fell 5% year over year, while adjusted earnings declined from $1.76 per share a year earlier. Reports said the company’s next-quarter outlook was markedly weaker than expected, with a sluggish smartphone market weighing on the forecast. Reuters report on Skyworks’ forecast

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SWKS shares. Mizuho upped their target price on Skyworks Solutions from $52.00 to $61.00 and gave the company an "underperform" rating in a research report on Friday, October 9th. William Blair reissued a "buy" rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. BMO Capital Markets began coverage on shares of Skyworks Solutions in a research report on Friday, August 21st. They set a "market perform" rating and a $70.00 price target for the company. Stifel Nicolaus decreased their price objective on shares of Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $79.00.

Skyworks Solutions Profile

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.

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