Jefferies Financial Group Inc. purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 58,339 shares of the semiconductor manufacturer’s stock, valued at approximately $3,955,000.
Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its stake in Skyworks Solutions by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after purchasing an additional 163 shares in the last quarter. Beacon Pointe Advisors LLC grew its stake in Skyworks Solutions by 4.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock worth $282,000 after buying an additional 200 shares in the last quarter. AAFMAA Wealth Management & Trust LLC increased its holdings in shares of Skyworks Solutions by 3.2% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock worth $468,000 after buying an additional 212 shares during the last quarter. Unison Advisors LLC increased its holdings in shares of Skyworks Solutions by 1.2% in the 1st quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock worth $986,000 after buying an additional 219 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of Skyworks Solutions by 16.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,672 shares of the semiconductor manufacturer’s stock valued at $106,000 after buying an additional 230 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Stock Performance
NASDAQ:SWKS opened at $65.79 on Friday. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $64.91 and its 200 day simple moving average is $64.13. The stock has a market cap of $9.90 billion, a P/E ratio of 34.09 and a beta of 1.51. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90.
Wall Street Analyst Weigh In
A number of research firms recently commented on SWKS. TD Cowen reduced their target price on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. BMO Capital Markets assumed coverage on Skyworks Solutions in a report on Friday, August 21st. They set a “market perform” rating and a $70.00 price objective on the stock. Weiss Ratings upgraded Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada cut their target price on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 29th. 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 MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.00.
Read Our Latest Analysis on Skyworks Solutions
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.
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