Redwood Investment Management LLC Invests $720,000 in Skyworks Solutions, Inc. $SWKS

Redwood Investment Management LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,627 shares of the semiconductor manufacturer’s stock, valued at approximately $720,000.

A number of other institutional investors also recently made changes to their positions in the stock. J.Safra Asset Management Corp acquired a new stake in shares of Skyworks Solutions during the second quarter valued at $28,000. CYBER HORNET ETFs LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $32,000. MUFG Securities EMEA plc acquired a new position in Skyworks Solutions in the 2nd quarter valued at about $33,000. Fideuram Asset Management Ireland dac acquired a new position in Skyworks Solutions in the 4th quarter valued at about $29,000. Finally, Hara Capital LLC purchased a new position in Skyworks Solutions in the 2nd quarter valued at about $35,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Up 1.1%

SWKS opened at $67.36 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 stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 34.90 and a beta of 1.51. The business has a 50-day moving average of $65.04 and a two-hundred 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 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. 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 for the quarter, compared to analyst estimates of $925.97 million. During the same quarter last year, the business earned $1.33 EPS. Skyworks Solutions’s revenue for the quarter 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, research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets began coverage on shares of Skyworks Solutions in a research note on Friday, August 21st. They set a “market perform” rating and a $70.00 price target on the stock. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Craig Hallum upped their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. William Blair reissued a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Finally, Mizuho decreased their target price on shares of Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Skyworks Solutions 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.