Meeder Asset Management Inc. Takes $3.27 Million Position in Skyworks Solutions, Inc. $SWKS

Meeder Asset Management Inc. purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,252 shares of the semiconductor manufacturer’s stock, valued at approximately $3,271,000.

Several other institutional investors have also bought and sold shares of SWKS. Quest 10 Wealth Builders Inc. raised its stake in 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 acquiring an additional 342 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of 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 last quarter. J.Safra Asset Management Corp bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth about $28,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC bought a new position in Skyworks Solutions during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS opened at $67.43 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The stock has a market capitalization of $10.15 billion, a P/E ratio of 34.94 and a beta of 1.51. The company’s 50 day simple moving average is $65.77 and its 200-day simple moving average is $63.66. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on SWKS shares. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Weiss Ratings raised Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. B. Riley Financial increased their price target on Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Stifel Nicolaus dropped their price target on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Finally, Mizuho cut their price objective on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating for the company in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.