VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.66 Million Position in Skyworks Solutions, Inc. $SWKS

by · The Cerbat Gem

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 39,200 shares of the semiconductor manufacturer’s stock, valued at approximately $2,658,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Caitlin John LLC bought a new stake in Skyworks Solutions during the 2nd quarter valued at $27,000. AdvisorNet Financial Inc grew its stake in shares of Skyworks Solutions by 93.8% in the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 257 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Skyworks Solutions during the second quarter valued at $28,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions during the second quarter valued at about $32,000. 85.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Monday, July 27th. UBS Group increased their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Finally, Bank of America reissued an “underperform” rating and set a $65.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.00.

View Our Latest Report on SWKS

Skyworks Solutions Stock Up 9.8%

Shares of Skyworks Solutions stock opened at $84.03 on Friday. The stock’s fifty day moving average is $65.69 and its 200-day moving average is $64.90. The firm has a market capitalization of $12.64 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.52. 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 12-month low of $51.93 and a 12-month high of $90.90.

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

Skyworks Solutions Company Profile

(Free Report)

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.

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