Old West Investment Management LLC Acquires New Position in Skyworks Solutions, Inc. $SWKS

Old West Investment Management LLC bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 295,073 shares of the semiconductor manufacturer’s stock, valued at approximately $20,006,000. Skyworks Solutions comprises approximately 2.1% of Old West Investment Management LLC’s holdings, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of SWKS. J.Safra Asset Management Corp bought a new position in Skyworks Solutions during the second quarter valued at approximately $28,000. Global Retirement Partners LLC purchased a new position in shares of Skyworks Solutions during the second quarter worth approximately $159,000. Alberta Investment Management Corp bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $9,424,000. Bank of New York Mellon Corp bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $143,597,000. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $446,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $69.62 on Monday. 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, Inc. has a 52 week low of $51.93 and a 52 week high of $90.90. The firm’s fifty day moving average is $66.05 and its 200 day moving average is $63.52. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 36.07 and a beta of 1.51.

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

Analysts Set New Price Targets

Several research firms recently commented on SWKS. BNP Paribas Exane increased their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. B. Riley Financial upped their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Bank of America reaffirmed an “underperform” rating and set a $65.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 29th. TD Cowen decreased their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Finally, Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $74.22.

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.