Legal & General Group Plc Acquires New Shares in Skyworks Solutions, Inc. $SWKS

Legal & General Group Plc bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, Holdings Channel.com reports. The fund bought 280,135 shares of the semiconductor manufacturer’s stock, valued at approximately $18,993,000.

Other large investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new position in shares of Skyworks Solutions in the second quarter valued at $28,000. CYBER HORNET ETFs LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $32,000. MUFG Securities EMEA plc bought a new position in Skyworks Solutions in the 2nd quarter worth about $33,000. Fideuram Asset Management Ireland dac bought a new position in Skyworks Solutions in the 4th quarter worth about $29,000. Finally, Hara Capital LLC purchased a new position in Skyworks Solutions during the 2nd quarter valued at about $35,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $65.79 on Friday. The company’s fifty day moving average price is $64.91 and its 200-day moving average price is $64.13. 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 $9.90 billion, a price-to-earnings ratio of 34.09 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.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Mizuho lowered 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 note on Wednesday, July 29th. Bank of America reaffirmed an “underperform” rating and issued a $65.00 price target on shares of Skyworks Solutions in a report on Wednesday, July 29th. Loop Capital increased their price objective on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. William Blair restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Finally, B. Riley Financial upped their target price on Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.00.

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.