Skyworks Solutions, Inc. $SWKS Stock Acquired by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its Skyworks Solutions stake by 177.9% in the third quarter, bringing its holdings to 68,838 shares worth approximately $5.56 million. Institutional investors and hedge funds collectively own 85.43% of the company.
• Analysts remain cautious, with ratings consisting of five Buys, 17 Holds and two Sells; the stock has an overall “Hold” consensus and an average price target of $79.21.
• Skyworks exceeded quarterly earnings and revenue estimates, reporting $1.08 in EPS and $934.8 million in revenue, though revenue declined 3.1% year over year and prior-year EPS was higher at $1.33.

NorthCrest Asset Manangement LLC increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 177.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,838 shares of the semiconductor manufacturer's stock after purchasing an additional 44,068 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Skyworks Solutions were worth $5,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Skyworks Solutions in the second quarter worth about $1,393,584,000. Pzena Investment Management LLC purchased a new position in Skyworks Solutions in the second quarter valued at about $1,082,972,000. Dimensional Fund Advisors LP grew its stake in Skyworks Solutions by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer's stock valued at $246,978,000 after purchasing an additional 753,004 shares in the last quarter. Bank of America Corp DE acquired a new stake in Skyworks Solutions during the 2nd quarter valued at approximately $180,898,000. Finally, Bank of New York Mellon Corp acquired a new stake in Skyworks Solutions during the 2nd quarter valued at approximately $143,597,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Morgan Stanley reduced their target price on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 29th. Mizuho raised their price target on shares of Skyworks Solutions from $52.00 to $61.00 and gave the stock an "underperform" rating in a research report on Friday, October 9th. Citigroup lifted their price target on shares of Skyworks Solutions from $64.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 6th. Finally, Stifel Nicolaus cut their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $79.21.

Skyworks Solutions Trading Up 2.5%

Shares of NASDAQ:SWKS opened at $76.56 on Wednesday. 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's 50-day moving average price is $76.83 and its 200 day moving average price is $69.57. The company has a market cap of $11.52 billion, a PE ratio of 39.67, a P/E/G ratio of 1.98 and a beta of 1.48. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $92.80.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million during the quarter, compared to analysts' expectations of $925.97 million. During the same quarter in the prior year, the firm earned $1.33 EPS. Skyworks Solutions's quarterly revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.62 earnings per share for the current year.

About Skyworks Solutions

Skyworks Solutions, Inc NASDAQ: SWKS is a semiconductor company that develops high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company's products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.

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