Sequoia Financial Advisors LLC Boosts Position in Skyworks Solutions, Inc. $SWKS

Sequoia Financial Advisors LLC grew its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 154.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,115 shares of the semiconductor manufacturer’s stock after buying an additional 12,203 shares during the period. Sequoia Financial Advisors LLC’s holdings in Skyworks Solutions were worth $1,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in shares of Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 206 shares during the period. Caitlin John LLC purchased a new position in Skyworks Solutions during the second quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions during the 2nd quarter worth approximately $28,000. Fideuram Asset Management Ireland dac bought a new stake in Skyworks Solutions during the 4th quarter worth approximately $29,000. Finally, Hara Capital LLC purchased a new stake in Skyworks Solutions in the 2nd quarter worth approximately $35,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $90.00 on Wednesday. The company’s fifty day moving average price is $67.15 and its 200-day moving average price is $65.45. 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 firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 2.18 and a beta of 1.52. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $92.30.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.05. The company had revenue of $934.80 million during 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 firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on SWKS. TD Cowen cut their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. BMO Capital Markets started coverage on shares of Skyworks Solutions in a report on Friday, August 21st. They issued a “market perform” rating and a $70.00 price target on the stock. Morgan Stanley lowered their price objective on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings upgraded Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Citigroup lowered their price target on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Four equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $74.00.

Key Skyworks Solutions News

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: The proposed Skyworks-Qorvo merger is reportedly entering its final stages, giving investors a potential catalyst tied to greater scale, cost efficiencies and a stronger position in radio-frequency semiconductor markets. Skyworks Solutions and Qorvo surge as merger enters final stages
• Positive Sentiment: Skyworks is benefiting from a broad rally in smartphone-chip stocks, with investors also bidding up Qorvo and Qualcomm. The sector strength is notable because large-cap technology shares were generally lower, suggesting company- and industry-specific buying. Smartphone Chip Stocks Rally While Large-Cap Technology Slips
• Positive Sentiment: The stock resumed its advance after a one-day setback, with momentum carrying it to the top of the S&P 500’s daily performers. Skyworks Solutions Stock Tops S&P 500
• Neutral Sentiment: Heavy short interest may be amplifying the rally, as positive merger news or sector momentum could prompt short sellers to cover positions. This can support near-term gains but also increase volatility. These 10 Stocks Are Squeeze Candidates Waiting to Happen
• Negative Sentiment: Risks include the shares trading above recent analyst price targets, a reduced dividend, increased leverage and reported insider selling. A sharp decline the previous day also highlights the possibility that the current rally is overextended. Skyworks Is Trading 18% Above Its Own Price Target

About Skyworks Solutions

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.