Sanctuary Advisors LLC Takes $574,000 Position in Skyworks Solutions, Inc. $SWKS

Sanctuary Advisors LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,465 shares of the semiconductor manufacturer’s stock, valued at approximately $574,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc raised its stake in Skyworks Solutions by 93.8% during the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 257 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Skyworks Solutions in the second quarter worth $28,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Skyworks Solutions in the fourth quarter worth $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Skyworks Solutions in the second quarter worth $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Skyworks Solutions during the second quarter valued at $33,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $65.79 on Friday. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The stock has a 50-day moving average of $64.91 and a 200 day moving average of $64.13. 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 company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 34.09 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. During the same quarter in the prior year, the business earned $1.33 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SWKS. Craig Hallum upped their price target on shares of Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. TD Cowen decreased their target price on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price 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. Finally, Loop Capital increased their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.00.

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.