Wedge Capital Management L L P NC Raises Stock Position in Skyworks Solutions, Inc. $SWKS

Wedge Capital Management L L P NC increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 155,757 shares of the semiconductor manufacturer’s stock after buying an additional 34,543 shares during the period. Wedge Capital Management L L P NC’s holdings in Skyworks Solutions were worth $10,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SWKS. Parallel Advisors LLC raised its stake in Skyworks Solutions by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after buying an additional 163 shares during the last quarter. Beacon Pointe Advisors LLC boosted its stake 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 buying an additional 200 shares during the last quarter. AAFMAA Wealth Management & Trust LLC boosted its stake in shares of Skyworks Solutions by 3.2% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock worth $468,000 after buying an additional 212 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Skyworks Solutions by 2.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock worth $505,000 after acquiring an additional 213 shares during the period. Finally, Unison Advisors LLC grew its holdings in shares of Skyworks Solutions by 1.2% in the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock worth $986,000 after acquiring an additional 219 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 2.0%

NASDAQ:SWKS opened at $69.68 on Thursday. 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 $10.48 billion, a price-to-earnings ratio of 36.10 and a beta of 1.51. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The business has a fifty day moving average price of $66.33 and a 200-day moving average price of $63.38.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The company had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.Skyworks Solutions’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of recent research reports. Weiss Ratings raised Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Monday, July 27th. Stifel Nicolaus cut their price target on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Craig Hallum upped their price target on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $74.22.

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.