Royal Bank of Canada Cuts Position in Skyworks Solutions, Inc. $SWKS

Royal Bank of Canada decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 22.4% in the first quarter, HoldingsChannel.com reports. The firm owned 166,726 shares of the semiconductor manufacturer’s stock after selling 48,103 shares during the quarter. Royal Bank of Canada’s holdings in Skyworks Solutions were worth $8,929,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings 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 during the period. Beacon Pointe Advisors LLC raised its stake in shares of Skyworks Solutions by 4.7% during 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 during the period. Asset Management One Co. Ltd. raised its stake in shares of Skyworks Solutions by 2.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock worth $505,000 after buying an additional 213 shares during the period. Unison Advisors LLC lifted its position in shares of Skyworks Solutions by 1.2% during the 1st quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock valued at $986,000 after buying an additional 219 shares in the last quarter. Finally, Global Retirement Partners LLC lifted 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. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $70.62 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. 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’s fifty day moving average is $66.90 and its two-hundred day moving average is $63.16. The firm has a market capitalization of $10.63 billion, a P/E ratio of 36.59 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on shares of Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. TD Cowen decreased their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. B. Riley Financial lifted their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citigroup cut their target price on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Finally, Loop Capital upped their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.22.

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.