NewEdge Advisors LLC Has $416,000 Position in Skyworks Solutions, Inc. $SWKS

NewEdge Advisors LLC cut its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 70.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,769 shares of the semiconductor manufacturer’s stock after selling 18,578 shares during the period. NewEdge Advisors LLC’s holdings in Skyworks Solutions were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SWKS. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after buying an additional 389,168 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 27.6% during the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after buying an additional 3,481,658 shares in the last quarter. State Street Corp boosted its position in shares of Skyworks Solutions by 1.0% in the fourth quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock valued at $418,557,000 after acquiring an additional 64,187 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Skyworks Solutions by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock valued at $374,229,000 after acquiring an additional 137,506 shares during the period. Finally, FIL Ltd grew its stake in shares of Skyworks Solutions by 50.5% in the fourth quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after acquiring an additional 1,742,338 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

SWKS stock opened at $67.14 on Friday. The company’s 50-day moving average price is $65.50 and its two-hundred day moving average price is $63.86. The firm has a market cap of $10.10 billion, a P/E ratio of 34.79 and a beta of 1.51. The company has a quick ratio of 1.94, a current ratio of 3.10 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.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly 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. The company had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, analysts anticipate that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on SWKS. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Citigroup cut their price objective on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Loop Capital increased their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Stifel Nicolaus lowered their target price on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Finally, William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions 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.