Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 199,844 Skyworks Solutions, Inc. $SWKS

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 199,844 shares of the semiconductor manufacturer’s stock, valued at approximately $13,549,000.

Several other large investors also recently bought and sold shares of the business. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $1,388,000. AlphaQuest LLC lifted its holdings in shares of Skyworks Solutions by 662.4% during the fourth quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after purchasing an additional 46,357 shares during the period. Vanguard Group Inc. lifted its stake in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock worth $1,338,198,000 after acquiring an additional 389,168 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Skyworks Solutions by 1,718.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock valued at $7,980,000 after purchasing an additional 118,909 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $27,949,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 0.8%

Shares of NASDAQ:SWKS opened at $67.94 on Friday. The stock’s 50-day moving average price is $65.64 and its two-hundred day moving average price is $63.84. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 35.20 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, research analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on SWKS shares. UBS Group increased their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Loop Capital upped their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada cut their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating for the company in a report on Wednesday, July 29th. Finally, Craig Hallum boosted their price objective 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, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average target price of $74.22.

Skyworks Solutions 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.