Freestone Grove Partners LP Invests $944,000 in Skyworks Solutions, Inc. $SWKS

Freestone Grove Partners LP bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 13,921 shares of the semiconductor manufacturer’s stock, valued at approximately $944,000.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its position in Skyworks Solutions by 93.8% during the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 257 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions in the second quarter valued at approximately $28,000. Fideuram Asset Management Ireland dac bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $33,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SWKS shares. Citigroup decreased their target price on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Craig Hallum raised their price target on shares of Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. UBS Group boosted their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $74.00.

Skyworks Solutions Stock Down 2.3%

SWKS stock opened at $65.79 on Friday. 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 market capitalization of $9.90 billion, a price-to-earnings ratio of 34.09 and a beta of 1.51. The business’s 50 day moving average price is $64.91 and its two-hundred day moving average price is $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.

Skyworks Solutions (NASDAQ:SWKS) last released 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. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. During the same quarter last year, the business posted $1.33 EPS. The firm’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. As a group, analysts forecast that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

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.