OMERS ADMINISTRATION Corp Takes Position in Skyworks Solutions, Inc. $SWKS

OMERS ADMINISTRATION Corp bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,937 shares of the semiconductor manufacturer’s stock, valued at approximately $809,000.

Several other institutional investors and hedge funds have also bought and sold shares of SWKS. Parallel Advisors LLC increased its stake in Skyworks Solutions by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock worth $249,000 after purchasing an additional 163 shares during the period. Beacon Pointe Advisors LLC boosted its stake in shares of Skyworks Solutions by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 200 shares during the period. AAFMAA Wealth Management & Trust LLC grew its holdings in shares of Skyworks Solutions by 3.2% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock worth $468,000 after purchasing an additional 212 shares during the last quarter. Unison Advisors LLC grew its holdings in shares of Skyworks Solutions by 1.2% in the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock worth $986,000 after purchasing an additional 219 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Skyworks Solutions by 16.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,672 shares of the semiconductor manufacturer’s stock worth $106,000 after buying an additional 230 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $67.36 on Friday. The stock’s 50 day simple moving average is $65.04 and its two-hundred day simple moving average is $64.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 34.90 and a beta of 1.51. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last posted 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 return on equity of 10.74% and a net margin of 7.23%.The firm had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the prior year, the business earned $1.33 EPS. The business’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. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Morgan Stanley cut 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 report on Wednesday, July 29th. William Blair restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. BNP Paribas Exane upped their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Finally, Craig Hallum increased their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.00.

About Skyworks Solutions

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.