VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $2.66 Million Investment in Skyworks Solutions, Inc. $SWKS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 39,200 shares of the semiconductor manufacturer’s stock, valued at approximately $2,658,000.

A number of other hedge funds also recently modified their holdings of the business. California State Teachers Retirement System grew its holdings in shares of Skyworks Solutions by 6,774.8% during the second quarter. California State Teachers Retirement System now owns 11,823,710 shares of the semiconductor manufacturer’s stock valued at $801,648,000 after buying an additional 11,651,723 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Skyworks Solutions in the 2nd quarter worth about $53,000. Wedmont Private Capital purchased a new stake in Skyworks Solutions in the 2nd quarter worth about $225,000. Syon Capital LLC boosted its position in Skyworks Solutions by 7.7% during the 2nd quarter. Syon Capital LLC now owns 7,941 shares of the semiconductor manufacturer’s stock worth $538,000 after acquiring an additional 571 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth about $205,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $84.03 on Friday. The business’s 50-day simple moving average is $65.69 and its 200-day simple moving average is $64.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. Skyworks Solutions, Inc. has a 52 week low of $51.93 and a 52 week high of $90.90. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 2.10 and a beta of 1.52.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. During the same period in the previous year, the company earned $1.33 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen dropped their target price on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Morgan Stanley decreased their price target on shares of Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Bank of America reaffirmed an “underperform” rating and set a $65.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 29th. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.00.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.