Deutsche Bank AG acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 471,938 shares of the semiconductor manufacturer’s stock, valued at approximately $31,997,000.
A number of other institutional investors have also added to or reduced their stakes in SWKS. Parallel Advisors LLC increased its stake in Skyworks Solutions by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after acquiring an additional 163 shares during the period. Beacon Pointe Advisors LLC lifted its position in shares of Skyworks Solutions by 4.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock worth $282,000 after acquiring an additional 200 shares during the period. AAFMAA Wealth Management & Trust LLC grew its holdings in shares of Skyworks Solutions by 3.2% during the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock worth $468,000 after purchasing an additional 212 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Skyworks Solutions by 2.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock worth $505,000 after purchasing an additional 213 shares in the last quarter. Finally, Unison Advisors LLC increased its position in shares of Skyworks Solutions by 1.2% during the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock valued at $986,000 after purchasing an additional 219 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Stock Performance
NASDAQ SWKS opened at $67.14 on Friday. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The company has a 50 day moving average of $65.50 and a 200-day moving average of $63.86. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 34.79 and a beta of 1.51.
Wall Street Analyst Weigh In
A number of research firms have weighed in on SWKS. Mizuho decreased their price target on shares of Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. BNP Paribas Exane raised their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. BMO Capital Markets began coverage on shares of Skyworks Solutions in a research report on Friday. They set a “market perform” rating and a $70.00 target price on the stock. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Monday, July 27th. Finally, KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.00.
Read Our Latest Stock Analysis on SWKS
Skyworks Solutions 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.
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