Mirae Asset Global Investments Co. Ltd. Lowers Holdings in Skyworks Solutions, Inc. $SWKS

Mirae Asset Global Investments Co. Ltd. cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 16.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,094 shares of the semiconductor manufacturer’s stock after selling 62,513 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Skyworks Solutions were worth $25,257,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC increased its holdings in shares of Skyworks Solutions by 57.3% in the second quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer’s stock worth $909,714,000 after purchasing an additional 4,444,747 shares during the last quarter. Norges Bank bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at approximately $140,807,000. Rafferty Asset Management LLC increased its position in Skyworks Solutions by 52.1% during the second quarter. Rafferty Asset Management LLC now owns 2,024,243 shares of the semiconductor manufacturer’s stock valued at $150,847,000 after acquiring an additional 693,379 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in Skyworks Solutions during the second quarter valued at $48,434,000. Finally, Amundi raised its stake in shares of Skyworks Solutions by 57.3% in the second quarter. Amundi now owns 1,301,991 shares of the semiconductor manufacturer’s stock valued at $95,873,000 after acquiring an additional 474,131 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 0.9%

Shares of NASDAQ SWKS opened at $55.79 on Friday. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $90.90. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 18.17 and a beta of 1.30. The stock has a 50 day moving average price of $63.34 and a 200 day moving average price of $70.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.76 and a current ratio of 2.33.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, topping the consensus estimate of $1.53 by $0.23. The company had revenue of $1.10 billion for the quarter. Skyworks Solutions had a return on equity of 12.01% and a net margin of 11.67%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SWKS shares. Wall Street Zen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. B. Riley decreased their price objective on shares of Skyworks Solutions from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Monday. UBS Group cut their target price on Skyworks Solutions from $80.00 to $63.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Morgan Stanley raised their price target on Skyworks Solutions from $65.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $76.83.

Insider Activity

In related news, SVP Robert John Terry sold 4,945 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total value of $307,974.60. Following the completion of the sale, the senior vice president directly owned 19,824 shares of the company’s stock, valued at $1,234,638.72. This represents a 19.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Reza Kasnavi sold 7,332 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $62.26, for a total transaction of $456,490.32. Following the transaction, the executive vice president owned 26,087 shares in the company, valued at approximately $1,624,176.62. The trade was a 21.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.28% of the company’s stock.

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.