Skyworks Solutions, Inc. $SWKS Stock Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management reduced its Skyworks Solutions stake by 60.9% in the third quarter, selling 147,049 shares and retaining 94,493 shares valued at approximately $8.1 million.
• Other major institutions, including BlackRock and Pzena Investment Management, acquired substantial new positions, while institutional investors collectively held 85.43% of Skyworks’ outstanding stock.
• Skyworks reported quarterly EPS of $1.08, beating estimates, but revenue fell 3.1% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $79.21.

Assenagon Asset Management S.A. cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 60.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,493 shares of the semiconductor manufacturer's stock after selling 147,049 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Skyworks Solutions worth $8,077,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Skyworks Solutions during the second quarter valued at approximately $1,393,584,000. Pzena Investment Management LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $1,082,972,000. Bank of America Corp DE acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $180,898,000. Bank of New York Mellon Corp bought a new position in shares of Skyworks Solutions in the second quarter valued at $143,597,000. Finally, First Trust Advisors LP grew its stake in shares of Skyworks Solutions by 51.7% in the first quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer's stock valued at $118,818,000 after buying an additional 756,280 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $80.23 on Tuesday. 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, 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 $12.07 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.14 and a beta of 1.48. The stock has a fifty day moving average price of $77.69 and a 200-day moving average price of $70.27.

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

Wall Street Analyst Weigh In

SWKS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Bank of America restated an "underperform" rating and set a $65.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on Skyworks Solutions from $70.00 to $95.00 and gave the stock a "sector perform" rating in a report on Thursday, October 1st. BMO Capital Markets assumed coverage on Skyworks Solutions in a research note on Friday, August 21st. They issued a "market perform" rating and a $70.00 price target for the company. Finally, Stifel Nicolaus decreased their price objective on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of "Hold" and a consensus target price of $79.21.

Skyworks Solutions Company 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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