Wealthfront Advisers LLC Invests $602,000 in Skyworks Solutions, Inc. $SWKS

Wealthfront Advisers LLC bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,877 shares of the semiconductor manufacturer’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions in the fourth quarter valued at $1,388,000. AlphaQuest LLC lifted its position in Skyworks Solutions by 662.4% during the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after buying an additional 46,357 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position 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 acquiring an additional 118,909 shares in the last quarter. Vanguard Group Inc. increased its position in Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after acquiring an additional 389,168 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Skyworks Solutions by 22.8% in the first quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock worth $114,032,000 after acquiring an additional 396,057 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Down 1.2%

Shares of NASDAQ:SWKS opened at $67.14 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 34.79 and a beta of 1.51. The company has a 50 day moving average of $65.50 and a 200-day moving average of $63.86. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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 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 period last year, the firm earned $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, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SWKS. Craig Hallum upped their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. B. Riley Financial raised their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. UBS Group boosted their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. William Blair reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Finally, Morgan Stanley decreased their price objective on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.00.

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.