The Manufacturers Life Insurance Company Buys New Stake in Skyworks Solutions, Inc. $SWKS

The Manufacturers Life Insurance Company purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 155,384 shares of the semiconductor manufacturer’s stock, valued at approximately $10,535,000.

Other hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp acquired a new position in shares of Skyworks Solutions during the second quarter worth about $28,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $33,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $29,000. Finally, Hara Capital LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $35,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup decreased their price target on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. UBS Group lifted their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. BMO Capital Markets began coverage on shares of Skyworks Solutions in a research report on Friday, August 21st. They set a “market perform” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Finally, KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions Price Performance

SWKS stock opened at $65.79 on Friday. The stock’s 50 day moving average is $64.91 and its two-hundred day moving average is $64.13. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a market capitalization of $9.90 billion, a PE ratio of 34.09 and a beta of 1.51. 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 released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $925.97 million. During the same period in the prior year, the business posted $1.33 EPS. The business’s revenue 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 predict that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal 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.