Northwestern Mutual Wealth Management Co. Invests $722,000 in Skyworks Solutions, Inc. $SWKS

Northwestern Mutual Wealth Management Co. purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,642 shares of the semiconductor manufacturer’s stock, valued at approximately $722,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Skyworks Solutions by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock worth $249,000 after buying an additional 163 shares during the period. Beacon Pointe Advisors LLC boosted its holdings 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 acquiring an additional 200 shares during the period. AAFMAA Wealth Management & Trust LLC boosted its holdings in shares of Skyworks Solutions by 3.2% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock valued at $468,000 after acquiring an additional 212 shares during the period. Unison Advisors LLC grew its position in shares of Skyworks Solutions by 1.2% during the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock worth $986,000 after acquiring an additional 219 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Skyworks Solutions by 16.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,672 shares of the semiconductor manufacturer’s stock worth $106,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SWKS shares. Craig Hallum lifted their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. BNP Paribas Exane upped their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. TD Cowen dropped their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.00.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $66.62 on Thursday. The firm has a 50-day moving average price of $65.15 and a 200 day moving average price of $64.08. The firm has a market capitalization of $10.02 billion, a PE ratio of 34.52 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 52-week low of $51.93 and a 52-week 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. 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 last year, the company earned $1.33 EPS. Skyworks Solutions’s quarterly revenue 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, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

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.