Commerce Bank Purchases New Position in Skyworks Solutions, Inc. $SWKS

Commerce Bank acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,453 shares of the semiconductor manufacturer’s stock, valued at approximately $777,000.

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

Skyworks Solutions Stock Up 1.4%

SWKS opened at $66.62 on Thursday. The firm’s 50 day simple moving average is $65.15 and its two-hundred day simple moving average is $64.08. The company has a market capitalization of $10.02 billion, a PE ratio of 34.52 and a beta of 1.51. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year 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.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SWKS. 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. Morgan Stanley dropped 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. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Mizuho lowered their target price on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a report on Wednesday, July 29th. Finally, B. Riley Financial raised their target price on Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.