Canada Pension Plan Investment Board Purchases New Holdings in Skyworks Solutions, Inc. $SWKS

Canada Pension Plan Investment Board bought a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 2nd quarter, HoldingsChannel reports. The fund bought 622,310 shares of the semiconductor manufacturer’s stock, valued at approximately $42,193,000.

A number of other large investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in shares of Skyworks Solutions by 93.8% during the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 257 shares during the period. J.Safra Asset Management Corp bought a new position in Skyworks Solutions in the second quarter valued at approximately $28,000. Fideuram Asset Management Ireland dac bought a new position in Skyworks Solutions in the fourth quarter valued at approximately $29,000. CYBER HORNET ETFs LLC acquired a new position in Skyworks Solutions during the second quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc acquired a new position in Skyworks Solutions during the second quarter valued at approximately $33,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on SWKS. Morgan Stanley cut their target price on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Loop Capital boosted their price target on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Weiss Ratings upgraded Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. 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 note on Wednesday, July 29th. Finally, Mizuho decreased their target price on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock 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 issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.00.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $67.36 on Friday. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 34.90 and a beta of 1.51. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The stock has a fifty day simple moving average of $65.04 and a 200 day simple moving average of $64.11. 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 (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS 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 firm had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same period in the previous year, the business earned $1.33 EPS. The business’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. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current 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.