Man Group plc Invests $16.53 Million in Skyworks Solutions, Inc. $SWKS

Man Group plc purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 243,741 shares of the semiconductor manufacturer’s stock, valued at approximately $16,526,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWKS. United Services Automobile Association acquired a new position in Skyworks Solutions during the 1st quarter worth approximately $236,000. Focus Partners Wealth boosted its position in Skyworks Solutions by 99.0% in the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock valued at $611,000 after buying an additional 4,702 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Skyworks Solutions by 137.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after buying an additional 1,330 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Skyworks Solutions during the second quarter worth $259,000. Finally, Gabelli Funds LLC bought a new stake in shares of Skyworks Solutions during the second quarter worth $1,004,000. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SWKS shares. Craig Hallum increased their price target on Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. B. Riley Financial boosted their price objective on Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. TD Cowen lowered their target price on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Bank of America reiterated an “underperform” rating and issued a $65.00 target price on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Finally, Morgan Stanley cut their price target on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average price target of $74.00.

Skyworks Solutions Price Performance

SWKS stock opened at $67.36 on Friday. The company has a fifty day moving average price of $65.04 and a 200-day moving average price of $64.11. The company has a market capitalization of $10.14 billion, a P/E ratio of 34.90 and a beta of 1.51. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping 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 company had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. Skyworks Solutions’s 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. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

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.