213,387 Shares in Skyworks Solutions, Inc. $SWKS Bought by Corient Private Wealth LP

Corient Private Wealth LP acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 213,387 shares of the semiconductor manufacturer’s stock, valued at approximately $14,467,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its holdings in shares of Skyworks Solutions by 93.8% during the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 257 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Skyworks Solutions during the 2nd quarter valued at about $28,000. Fideuram Asset Management Ireland dac purchased a new position in Skyworks Solutions during the 4th quarter valued at about $29,000. CYBER HORNET ETFs LLC bought a new stake in Skyworks Solutions during the second quarter worth about $32,000. Finally, MUFG Securities EMEA plc bought a new stake in Skyworks Solutions during the second quarter worth about $33,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 2.3%

Shares of Skyworks Solutions stock opened at $65.79 on Friday. 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 capitalization of $9.90 billion, a PE ratio of 34.09 and a beta of 1.51. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a 50-day simple moving average of $64.91 and a two-hundred day simple moving average of $64.13.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating 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 firm had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. During the same quarter in the prior year, the company posted $1.33 earnings per share. 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. On average, analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of recent research reports. Morgan Stanley cut their price objective 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. Royal Bank Of Canada dropped their price target on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings upgraded Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Craig Hallum raised their price objective on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, Loop Capital lifted their price objective on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $74.00.

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.