Commerce Bank Buys New Holdings in Skyworks Solutions, Inc. $SWKS

Commerce Bank purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, HoldingsChannel reports. The fund purchased 11,453 shares of the semiconductor manufacturer’s stock, valued at approximately $777,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Skyworks Solutions during the second quarter worth $32,000. MUFG Securities EMEA plc purchased a new position in Skyworks Solutions during the second quarter valued at $33,000. Fideuram Asset Management Ireland dac purchased a new position in Skyworks Solutions during the fourth quarter valued at $29,000. Finally, Hara Capital LLC bought a new stake in Skyworks Solutions in the 2nd quarter valued at $35,000. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SWKS. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. UBS Group raised their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Craig Hallum boosted their target price on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, Citigroup dropped their price target on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Four investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.00.

Skyworks Solutions Stock Up 1.4%

Shares of NASDAQ:SWKS opened at $66.62 on Thursday. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 34.52 and a beta of 1.51. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $65.15 and a 200 day moving average price of $64.08.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. During the same period in the previous year, the firm posted $1.33 earnings per share. The firm’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. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

About Skyworks Solutions

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.