Redwood Investment Management LLC Acquires Shares of 10,627 Skyworks Solutions, Inc. $SWKS

Redwood Investment Management LLC acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,627 shares of the semiconductor manufacturer’s stock, valued at approximately $720,000.

Several other hedge funds also recently made changes to their positions in SWKS. Vanguard Group Inc. boosted its holdings in shares of Skyworks Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after acquiring an additional 389,168 shares in the last quarter. BlackRock Inc. purchased a new position in Skyworks Solutions during the second quarter worth about $1,393,584,000. Pzena Investment Management LLC raised its holdings in Skyworks Solutions by 27.6% during the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after purchasing an additional 3,481,658 shares in the last quarter. State Street Corp lifted its position in Skyworks Solutions by 1.0% in the fourth quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock valued at $418,557,000 after purchasing an additional 64,187 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Skyworks Solutions by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock valued at $374,229,000 after purchasing an additional 137,506 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SWKS. Morgan Stanley dropped their target price on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. William Blair reissued a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. BMO Capital Markets started coverage on Skyworks Solutions in a research note on Friday, August 21st. They issued a “market perform” rating and a $70.00 price target on the stock. BNP Paribas Exane upped their price objective on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $67.36 on Friday. The stock has a fifty day moving average price of $65.04 and a 200 day moving average price of $64.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The stock has a market cap of $10.14 billion, a PE ratio of 34.90 and a beta of 1.51. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90.

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, beating 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 company had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. During the same quarter in the prior year, the company earned $1.33 earnings per share. Skyworks Solutions’s revenue was down 3.1% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

About Skyworks Solutions

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.