Nissay Asset Management Corp Japan Buys 14,715 Shares of Skyworks Solutions, Inc. $SWKS

Nissay Asset Management Corp Japan raised its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,018 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,715 shares during the period. Nissay Asset Management Corp Japan owned approximately 0.06% of Skyworks Solutions worth $5,832,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Skyworks Solutions by 8.3% during the 2nd quarter. Wellington Management Group LLP now owns 35,793 shares of the semiconductor manufacturer’s stock valued at $2,427,000 after acquiring an additional 2,753 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Skyworks Solutions in the 2nd quarter worth $321,000. Rakuten Investment Management Inc. purchased a new position in shares of Skyworks Solutions in the second quarter valued at about $2,395,000. Empowered Funds LLC purchased a new position in shares of Skyworks Solutions in the second quarter valued at about $1,517,000. Finally, United Capital Financial Advisors LLC purchased a new position in shares of Skyworks Solutions in the second quarter valued at about $423,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $65.79 on Monday. 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, Inc. has a one year low of $51.93 and a one year high of $90.90. The company has a 50-day simple moving average of $64.91 and a two-hundred day simple moving average of $64.14. The firm has a market capitalization of $9.90 billion, a PE ratio of 34.09 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, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $925.97 million. During the same period in the previous year, the firm posted $1.33 EPS. The business’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. On average, analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SWKS shares. B. Riley Financial increased their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. William Blair restated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Bank of America reaffirmed an “underperform” rating and set a $65.00 price target on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Loop Capital increased their price objective on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Finally, UBS Group boosted their target price on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Four equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.00.

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.