Western Wealth Management LLC Makes New $1.22 Million Investment in Skyworks Solutions, Inc. $SWKS

Key Points

• Western Wealth Management bought 22,810 shares of Skyworks Solutions during the first quarter, worth approximately $1.22 million. Institutional investors collectively own 85.43% of the company.
• Skyworks shares opened at $69.68, up 2.0%, with a market capitalization of $10.48 billion. The stock has traded between $51.93 and $90.90 over the past 12 months.
• The company exceeded quarterly earnings and revenue expectations, reporting $1.08 EPS and $934.8 million in revenue, though revenue declined 3.1% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $74.22.

Western Wealth Management LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,810 shares of the semiconductor manufacturer's stock, valued at approximately $1,221,000.

A number of other large investors have also made changes to their positions in the company. Quest 10 Wealth Builders Inc. raised its position in shares of Skyworks Solutions by 488.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 342 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions during the second quarter worth $32,000. MUFG Securities EMEA plc acquired a new stake in shares of Skyworks Solutions during the second quarter worth $33,000. Fideuram Asset Management Ireland dac bought a new stake in Skyworks Solutions in the 4th quarter valued at $29,000. Finally, AdvisorNet Financial Inc boosted its stake in Skyworks Solutions by 93.8% in the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 257 shares during the period. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Trading Up 2.0%

NASDAQ SWKS opened at $69.68 on Thursday. The company has a market cap of $10.48 billion, a PE ratio of 36.10 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. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. The stock has a 50 day moving average of $66.33 and a 200-day moving average of $63.38.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same period in the previous year, the company earned $1.33 earnings per share. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. KeyCorp downgraded Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, July 14th. Craig Hallum upped their price target on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. UBS Group lifted their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Morgan Stanley reduced their target price on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a report on Wednesday, July 29th. Finally, Loop Capital lifted their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $74.22.

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.

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