Burford Brothers Inc. Buys New Holdings in Skyworks Solutions, Inc. $SWKS

Burford Brothers Inc. purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,148 shares of the semiconductor manufacturer’s stock, valued at approximately $620,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $1,393,584,000. Pzena Investment Management LLC acquired a new stake in Skyworks Solutions during the 2nd quarter valued at $1,082,972,000. Bank of America Corp DE acquired a new stake in Skyworks Solutions during the 2nd quarter valued at $180,898,000. Bank of New York Mellon Corp bought a new position in Skyworks Solutions during the second quarter worth $143,597,000. Finally, Norges Bank bought a new position in Skyworks Solutions during the fourth quarter worth $121,304,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. TD Cowen dropped their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased 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. UBS Group increased their price target on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Bank of America restated an “underperform” rating and set a $65.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Finally, BMO Capital Markets initiated coverage on Skyworks Solutions in a report on Friday, August 21st. They set a “market perform” rating and a $70.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $74.00.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $71.50 on Friday. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.52. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The company has a 50-day simple moving average of $64.65 and a two-hundred day simple moving average of $64.35.

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 net margin of 7.23% and a return on equity of 10.74%. The company 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. Analysts forecast 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.