Skyworks Solutions, Inc. $SWKS Stock Sold by Alps Advisors Inc.

Key Points

• Alps Advisors cut its Skyworks stake by 19.3% in the third quarter, selling 47,418 shares; it still held 198,582 shares valued at about $17.0 million.
• Analyst views are mixed, with a consensus Hold rating and an average price target of $77.28; recent calls included target-price reductions and a new Sell rating.
• Skyworks slightly beat quarterly expectations, reporting EPS of $1.28 versus $1.27 expected and revenue of $1.05 billion versus $1.04 billion forecast.

Alps Advisors Inc. cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 19.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,582 shares of the semiconductor manufacturer's stock after selling 47,418 shares during the period. Alps Advisors Inc. owned 0.13% of Skyworks Solutions worth $16,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in Skyworks Solutions in the second quarter valued at approximately $1,393,584,000. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $1,082,972,000. Bank of America Corp DE bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $180,898,000. Bank of New York Mellon Corp bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $143,597,000. Finally, First Trust Advisors LP raised its position in shares of Skyworks Solutions by 51.7% in the 1st quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer's stock valued at $118,818,000 after acquiring an additional 756,280 shares during the period. Institutional investors own 85.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group cut shares of Skyworks Solutions to a "buy" rating in a report on Wednesday. The Goldman Sachs Group initiated coverage on shares of Skyworks Solutions in a research note on Wednesday. They issued a "sell" rating and a $78.00 target price for the company. Royal Bank Of Canada cut 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. 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 on the stock. Finally, Mizuho set a $58.00 price target on shares of Skyworks Solutions in a report on Wednesday. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $77.28.

Skyworks Solutions News Summary

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

Skyworks Solutions Trading Up 1.2%

NASDAQ:SWKS opened at $82.19 on Friday. 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 debt-to-equity ratio of 0.43, a current ratio of 3.34 and a quick ratio of 1.94. The stock has a market capitalization of $12.37 billion, a PE ratio of 72.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.51. The business's 50-day simple moving average is $82.14 and its 200-day simple moving average is $68.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.01. Skyworks Solutions had a return on equity of 9.70% and a net margin of 4.35%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.78 earnings per share for the current fiscal year.

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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