Skyworks Solutions, Inc. $SWKS Shares Sold by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. trimmed its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 51.3% in the third quarter, Holdings Channel.com reports. The firm owned 17,224 shares of the semiconductor manufacturer’s stock after selling 18,150 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Skyworks Solutions were worth $1,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SWKS. Caitlin John LLC acquired a new stake in Skyworks Solutions in the second quarter valued at approximately $27,000. Parkside Financial Bank & Trust grew its stake in shares of Skyworks Solutions by 108.4% during the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 206 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Skyworks Solutions during the second quarter worth $28,000. Fortitude Family Office LLC grew its stake in shares of Skyworks Solutions by 254.7% during the third quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 242 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in shares of Skyworks Solutions during the second quarter worth $35,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 1.2%

NASDAQ:SWKS opened at $82.19 on Friday. The firm’s 50 day simple moving average is $82.14 and its 200 day simple moving average is $68.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.34 and a quick ratio of 1.94. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $92.80. The company has a market cap of $12.37 billion, a PE ratio of 72.10, a P/E/G ratio of 1.48 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Skyworks Solutions had a net margin of 4.35% and a return on equity of 9.70%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SWKS. Morgan Stanley set a $93.00 price target on Skyworks Solutions in a research note on Wednesday. B. Riley Financial upgraded Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $107.00 in a research report on Tuesday, October 6th. Susquehanna reduced their price objective on Skyworks Solutions from $90.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stifel Nicolaus lowered their target price on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Finally, KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.28.

Key Stories Impacting Skyworks Solutions

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Zacks upgraded Skyworks to Rank #1 (Strong Buy), citing improving earnings prospects; the upgrade could support investor optimism. All You Need to Know About Skyworks Rating Upgrade to Strong Buy
• Neutral Sentiment: Goldman Sachs was reported among institutions picking up SWKS shares, though the headline provides no details on the size or timing of the purchase. Skyworks Stock Picked Up by Analysts at The Goldman Sachs Group
• Negative Sentiment: Analyst caution is more widespread: Barclays cut its rating from Overweight to Equal Weight and set a $79 target, while TD Cowen maintained a Hold and RBC lowered its expectations. Susquehanna also issued a pessimistic forecast. Reports linked an analyst downgrade to a gap down in SWKS shares. Barclays rating TD Cowen rating RBC lowers expectations Susquehanna forecast
• Negative Sentiment: Weakness across handset-related stocks—including a sharp Qualcomm selloff after cautious guidance and concerns about handset demand—adds a sector headwind for Skyworks. Qualcomm and handset-sector news

Skyworks Solutions Profile

Skyworks Solutions, Inc designs and manufactures semiconductor products that connect people, devices and networks. Its portfolio includes radio-frequency (RF) components and other analog and mixed-signal solutions used to transmit, receive and process signals.

The company’s products include amplifiers, filters, switches and integrated RF modules, as well as connectivity solutions. They are used in smartphones and other mobile devices, automotive systems, broadband equipment, wireless infrastructure and Internet of Things applications.

Headquartered in Irvine, California, Skyworks serves customers around the world.