Northwestern Mutual Wealth Management Co. Makes New Investment in Skyworks Solutions, Inc. $SWKS

Northwestern Mutual Wealth Management Co. acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,642 shares of the semiconductor manufacturer’s stock, valued at approximately $722,000.

Other large investors also recently modified their holdings of the company. United Services Automobile Association acquired a new stake in Skyworks Solutions during the 1st quarter valued at approximately $236,000. Focus Partners Wealth increased its holdings in Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 4,702 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Skyworks Solutions by 137.4% in the 2nd 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 in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at approximately $259,000. Finally, Gabelli Funds LLC purchased a new position in shares of Skyworks Solutions during the 2nd quarter valued at approximately $1,004,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on SWKS shares. B. Riley Financial raised their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Royal Bank Of Canada decreased their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating for the company in a report on Wednesday, July 29th. Craig Hallum boosted their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, Citigroup reduced their price target on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $66.62 on Thursday. The business’s fifty day moving average price is $65.15 and its 200 day moving average price is $64.08. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The stock has a market capitalization of $10.02 billion, a PE ratio of 34.52 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 released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. The firm 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 for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities research 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.