Western Wealth Management LLC Acquires Shares of 22,823 Skyworks Solutions, Inc. $SWKS

Western Wealth Management LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,823 shares of the semiconductor manufacturer’s stock, valued at approximately $1,547,000.

A number of other hedge funds have also made changes to their positions in SWKS. Parallel Advisors LLC grew its holdings in shares of Skyworks Solutions by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock worth $249,000 after buying an additional 163 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in Skyworks Solutions by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock worth $282,000 after acquiring an additional 200 shares during the last quarter. AAFMAA Wealth Management & Trust LLC boosted its position in Skyworks Solutions by 3.2% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock worth $468,000 after acquiring an additional 212 shares during the last quarter. Unison Advisors LLC grew its stake in Skyworks Solutions by 1.2% during the 1st quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock valued at $986,000 after acquiring an additional 219 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in Skyworks Solutions by 16.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,672 shares of the semiconductor manufacturer’s stock valued at $106,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 1.7%

Shares of SWKS opened at $65.70 on Wednesday. The company’s 50-day moving average price is $65.20 and its 200 day moving average price is $64.04. 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 firm has a market cap of $9.89 billion, a P/E ratio of 34.04 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share 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 business had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. During the same period last year, the business 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BNP Paribas Exane raised their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. William Blair restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Weiss Ratings raised Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. BMO Capital Markets initiated coverage on Skyworks Solutions in a research report on Friday, August 21st. They set a “market perform” rating and a $70.00 price objective on the stock. Finally, Stifel Nicolaus dropped their target price on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Four equities research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.