Skyworks Solutions, Inc. $SWKS Shares Newly Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,883 shares of the semiconductor manufacturer’s stock, valued at approximately $845,000.

A number of other institutional investors have also modified their holdings of SWKS. Bank of America Corp DE lifted its position in Skyworks Solutions by 22.8% during the first quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock valued at $114,032,000 after buying an additional 396,057 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Skyworks Solutions by 177.9% during the third quarter. NorthCrest Asset Manangement LLC now owns 68,838 shares of the semiconductor manufacturer’s stock worth $5,559,000 after buying an additional 44,068 shares during the period. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions in the second quarter worth $1,393,584,000. Assenagon Asset Management S.A. increased its position in shares of Skyworks Solutions by 123.0% in the second quarter. Assenagon Asset Management S.A. now owns 241,542 shares of the semiconductor manufacturer’s stock worth $16,377,000 after acquiring an additional 133,217 shares in the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in shares of Skyworks Solutions in the second quarter worth $1,082,972,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 1.3%

SWKS opened at $83.47 on Friday. The firm’s 50 day moving average is $78.73 and its 200-day moving average is $70.94. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $92.80. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $12.56 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.27 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. The business 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 business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Analysts expect that Skyworks Solutions, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SWKS shares. UBS Group lifted their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Mizuho upped their price target on shares of Skyworks Solutions from $52.00 to $61.00 and gave the stock an “underperform” rating in a research report on Friday, October 9th. BMO Capital Markets began coverage on Skyworks Solutions in a report on Friday, August 21st. They issued a “market perform” rating and a $70.00 price target for the company. Weiss Ratings raised Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus reduced their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Five equities 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $80.53.

Skyworks Solutions Profile

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.