Van ECK Associates Corp Raises Stake in Skyworks Solutions, Inc. $SWKS

Van ECK Associates Corp lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,078,291 shares of the semiconductor manufacturer's stock after acquiring an additional 198,528 shares during the period. Van ECK Associates Corp owned 1.38% of Skyworks Solutions worth $140,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SWKS. United Services Automobile Association acquired a new position in Skyworks Solutions in the 1st quarter valued at about $236,000. Focus Partners Wealth increased its holdings in shares of Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer's stock worth $611,000 after buying an additional 4,702 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Skyworks Solutions by 137.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer's stock worth $171,000 after buying an additional 1,330 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Skyworks Solutions in the second quarter valued at approximately $259,000. Finally, Gabelli Funds LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $1,004,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SWKS. Weiss Ratings raised Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. UBS Group increased their price target on Skyworks Solutions from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Mizuho decreased their target price on shares of Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 29th. Craig Hallum increased their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Finally, B. Riley Financial lifted their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $74.00.

Skyworks Solutions Price Performance

SWKS opened at $65.79 on Friday. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 34.09 and a beta of 1.51. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock's 50-day moving average price is $64.91 and its 200 day moving average price is $64.13. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.05. The company had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company's portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source