Canada Pension Plan Investment Board Invests $42.19 Million in Skyworks Solutions, Inc. $SWKS

Canada Pension Plan Investment Board purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 622,310 shares of the semiconductor manufacturer’s stock, valued at approximately $42,193,000. Canada Pension Plan Investment Board owned about 0.41% of Skyworks Solutions at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jackson Creek Investment Advisors LLC acquired a new stake in Skyworks Solutions in the fourth quarter worth $1,388,000. AlphaQuest LLC grew its holdings in shares of Skyworks Solutions by 662.4% in the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock valued at $3,383,000 after buying an additional 46,357 shares during the period. Bank of America Corp DE grew its holdings in shares of Skyworks Solutions by 22.8% in the 1st quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock valued at $114,032,000 after buying an additional 396,057 shares during the period. Vanguard Group Inc. increased its position in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after buying an additional 389,168 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Skyworks Solutions by 1,718.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock worth $7,980,000 after buying an additional 118,909 shares during the period. 85.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SWKS has been the topic of several recent analyst reports. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Morgan Stanley lowered their price target on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. BNP Paribas Exane raised their price target on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Mizuho cut their price objective 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, Bank of America reiterated an “underperform” rating and issued a $65.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.00.

Skyworks Solutions Trading Up 1.1%

NASDAQ SWKS opened at $67.36 on Friday. The company has a market cap of $10.14 billion, a PE ratio of 34.90 and a beta of 1.51. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $65.04 and a 200-day moving average of $64.11. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating 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 company had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter last year, the firm posted $1.33 EPS. The company’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. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal 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.