NFJ Investment Group LLC Acquires New Position in Skyworks Solutions, Inc. $SWKS

NFJ Investment Group LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 136,569 shares of the semiconductor manufacturer’s stock, valued at approximately $9,259,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Skyworks Solutions in the 2nd quarter valued at about $1,393,584,000. Pzena Investment Management LLC purchased a new stake in shares of Skyworks Solutions in the 2nd quarter valued at approximately $1,082,972,000. Bank of New York Mellon Corp acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $143,597,000. Norges Bank acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $121,304,000. Finally, FIL Ltd raised its position in shares of Skyworks Solutions by 50.5% during the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after buying an additional 1,742,338 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWKS has been the topic of a number of recent analyst reports. Bank of America reiterated an “underperform” rating and issued a $65.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 29th. Loop Capital raised their target price on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 29th. TD Cowen decreased their price target on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Finally, Citigroup lowered 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. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $74.22.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $67.94 on Friday. The company’s 50 day simple moving average is $65.64 and its 200-day simple moving average is $63.84. 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, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 35.20 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share 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 firm had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. During the same quarter last year, the company posted $1.33 EPS. The firm’s quarterly 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. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Skyworks Solutions Company 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.