Skyworks Solutions, Inc. $SWKS Stock Bought by Keybank National Association OH

Keybank National Association OH boosted its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.9% in the third quarter, Holdings Channel.com reports. The firm owned 312,091 shares of the semiconductor manufacturer’s stock after buying an additional 20,196 shares during the quarter. Keybank National Association OH’s holdings in Skyworks Solutions were worth $26,678,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in Skyworks Solutions during the second quarter valued at $27,000. Parkside Financial Bank & Trust grew its position in shares of Skyworks Solutions by 108.4% in the 2nd 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 period. J.Safra Asset Management Corp bought a new position in shares of Skyworks Solutions in the 2nd quarter worth about $28,000. Fortitude Family Office LLC increased its stake in shares of Skyworks Solutions by 254.7% in the 3rd quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer’s stock worth $29,000 after acquiring an additional 242 shares in the last quarter. Finally, Hara Capital LLC purchased a new position in Skyworks Solutions during the 2nd quarter valued at about $35,000. Institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Skyworks Solutions in a research note on Wednesday, October 28th. B. Riley Financial raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $68.00 to $107.00 in a research note on Tuesday, October 6th. BMO Capital Markets assumed coverage on shares of Skyworks Solutions in a report on Friday, August 21st. They set a “market perform” rating and a $70.00 target price for the company. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Finally, Barclays cut Skyworks Solutions from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $70.00 to $79.00 in a research report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average price target of $77.94.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $87.64 on Thursday. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $92.80. The firm has a market cap of $13.19 billion, a P/E ratio of 76.88, a PEG ratio of 1.40 and a beta of 1.51. The company has a 50 day moving average of $83.20 and a 200 day moving average of $68.55. The company has a quick ratio of 2.48, a current ratio of 3.34 and a debt-to-equity ratio of 0.43.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. Skyworks Solutions had a return on equity of 9.70% and a net margin of 4.35%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. As a group, research analysts expect that Skyworks Solutions, Inc. will post 4.02 EPS for the current fiscal year.

About Skyworks Solutions

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.