NewEdge Advisors LLC Has $416,000 Stock Holdings in Skyworks Solutions, Inc. $SWKS

NewEdge Advisors LLC trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 70.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,769 shares of the semiconductor manufacturer’s stock after selling 18,578 shares during the quarter. NewEdge Advisors LLC’s holdings in Skyworks Solutions were worth $416,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quest 10 Wealth Builders Inc. boosted its holdings in shares of Skyworks Solutions by 488.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 342 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Skyworks Solutions by 93.8% during the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 257 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Skyworks Solutions during the fourth quarter worth $29,000. CYBER HORNET ETFs LLC bought a new stake in Skyworks Solutions during the second quarter worth $32,000. Finally, MUFG Securities EMEA plc bought a new stake in Skyworks Solutions during the second quarter worth $33,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 1.2%

SWKS stock opened at $67.14 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The company has a fifty day moving average price of $65.50 and a two-hundred day moving average price of $63.86. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 34.79 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last issued 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. The company had revenue of $934.80 million for 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 company’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. 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 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SWKS shares. Loop Capital lifted their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Mizuho cut their target price on shares of Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th. KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Finally, BMO Capital Markets assumed coverage on Skyworks Solutions in a report on Friday. They set a “market perform” rating and a $70.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.