Van ECK Associates Corp Raises Stake in Skyworks Solutions, Inc. $SWKS

Van ECK Associates Corp lifted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,078,291 shares of the semiconductor manufacturer’s stock after acquiring an additional 198,528 shares during the period. Van ECK Associates Corp owned 1.38% of Skyworks Solutions worth $140,908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SWKS. United Services Automobile Association acquired a new position in Skyworks Solutions in the 1st quarter valued at about $236,000. Focus Partners Wealth increased its holdings in shares of Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after buying an additional 4,702 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Skyworks Solutions by 137.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock worth $171,000 after buying an additional 1,330 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Skyworks Solutions in the second quarter valued at approximately $259,000. Finally, Gabelli Funds LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $1,004,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SWKS. Weiss Ratings raised Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. UBS Group increased their price target on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. 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. Craig Hallum increased their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Finally, B. Riley Financial lifted their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $74.00.

Skyworks Solutions Price Performance

SWKS opened at $65.79 on Friday. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 34.09 and a beta of 1.51. 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 stock’s 50-day moving average price is $64.91 and its 200 day moving average price is $64.13. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (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 analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

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.