Mirae Asset Global Investments Co. Ltd. Sells 62,513 Shares of Skyworks Solutions, Inc. $SWKS

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 16.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,094 shares of the semiconductor manufacturer’s stock after selling 62,513 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.22% of Skyworks Solutions worth $25,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Park Place Capital Corp increased its stake in shares of Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 141 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Skyworks Solutions in the 2nd quarter worth approximately $28,000. Financial Consulate Inc. bought a new position in Skyworks Solutions during the 3rd quarter valued at approximately $29,000. Clearstead Trust LLC raised its stake in Skyworks Solutions by 200.0% during the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 274 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Skyworks Solutions in the second quarter worth $32,000. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SWKS. KeyCorp set a $105.00 price target on Skyworks Solutions and gave the company an “overweight” rating in a report on Wednesday, October 29th. Cfra Research raised shares of Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 28th. Susquehanna dropped their target price on shares of Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Barclays lowered their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $76.83.

Skyworks Solutions Stock Up 0.9%

SWKS opened at $55.79 on Friday. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 18.17 and a beta of 1.30. The firm has a 50 day moving average price of $63.34 and a 200-day moving average price of $70.01. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $90.90. The company has a quick ratio of 1.76, a current ratio of 2.33 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.23. The business had revenue of $1.10 billion during the quarter. Skyworks Solutions had a net margin of 11.67% and a return on equity of 12.01%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.55 EPS. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. Equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Insider Transactions at Skyworks Solutions

In other news, EVP Reza Kasnavi sold 7,332 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the completion of the sale, the executive vice president owned 26,087 shares of the company’s stock, valued at $1,624,176.62. This represents a 21.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert John Terry sold 4,945 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total transaction of $307,974.60. Following the sale, the senior vice president owned 19,824 shares of the company’s stock, valued at $1,234,638.72. This trade represents a 19.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.28% of the company’s stock.

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.