Skyworks Solutions, Inc. $SWKS Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,129,451 shares of the semiconductor manufacturer’s stock after purchasing an additional 396,057 shares during the quarter. Bank of America Corp DE’s holdings in Skyworks Solutions were worth $114,032,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SWKS. Vanguard Group Inc. raised its position in Skyworks Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock worth $1,338,198,000 after buying an additional 389,168 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Skyworks Solutions by 27.6% during the 1st quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock valued at $862,591,000 after acquiring an additional 3,481,658 shares during the period. State Street Corp boosted its holdings in shares of Skyworks Solutions by 1.0% in the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock valued at $418,557,000 after acquiring an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Skyworks Solutions by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock valued at $374,229,000 after purchasing an additional 137,506 shares during the period. Finally, FIL Ltd boosted its stake in shares of Skyworks Solutions by 50.5% in the fourth quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock worth $329,111,000 after buying an additional 1,742,338 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. B. Riley Financial lifted their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Craig Hallum upped their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. BNP Paribas Exane increased their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Finally, Loop Capital upped their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.22.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $70.62 on Friday. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The company’s 50-day moving average is $66.90 and its two-hundred day moving average is $63.12. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 36.59 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data 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 return on equity of 10.74% and a net margin of 7.23%.The business had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. During the same period in the previous year, the firm posted $1.33 earnings per share. The company’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 forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

About Skyworks Solutions

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.