Hsbc Holdings PLC Takes Position in Skyworks Solutions, Inc. $SWKS

Hsbc Holdings PLC purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 315,906 shares of the semiconductor manufacturer’s stock, valued at approximately $21,541,000.

A number of other institutional investors have also recently bought and sold shares of the stock. AdvisorNet Financial Inc raised its holdings in Skyworks Solutions by 93.8% during the 1st 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 period. J.Safra Asset Management Corp acquired a new position in shares of Skyworks Solutions in the second quarter worth about $28,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Skyworks Solutions in the fourth quarter worth about $29,000. CYBER HORNET ETFs LLC purchased a new position in shares of Skyworks Solutions in the second quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Skyworks Solutions in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

SWKS stock opened at $67.36 on Friday. The firm has a 50 day simple moving average of $65.04 and a 200 day simple moving average of $64.11. Skyworks Solutions, Inc. has a 52 week low of $51.93 and a 52 week high of $90.90. The stock has a market cap of $10.14 billion, a P/E ratio of 34.90 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Skyworks Solutions (NASDAQ:SWKS) last released 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 net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. During the same quarter in the prior year, the business earned $1.33 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SWKS shares. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. BMO Capital Markets assumed coverage on shares of Skyworks Solutions in a research report on Friday, August 21st. They set a “market perform” rating and a $70.00 price objective on the stock. B. Riley Financial boosted their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Citigroup reduced their target price on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Finally, Stifel Nicolaus decreased their target price on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $74.00.

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.