Rakuten Investment Management Inc. Acquires Shares of 35,374 Skyworks Solutions, Inc. $SWKS

Rakuten Investment Management Inc. bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 35,374 shares of the semiconductor manufacturer’s stock, valued at approximately $2,395,000.

A number of other institutional investors have also recently added to or reduced their stakes in SWKS. Caitlin John LLC purchased a new stake in shares of Skyworks Solutions during the second quarter worth about $27,000. AdvisorNet Financial Inc raised its stake in shares of Skyworks Solutions by 93.8% in the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 257 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Skyworks Solutions during the second quarter worth about $28,000. Fideuram Asset Management Ireland dac bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Skyworks Solutions in the second quarter worth about $32,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the subject of several research analyst reports. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. Mizuho reduced their target price on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a report on Wednesday, July 29th. Royal Bank Of Canada decreased their target price on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings upgraded Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, UBS Group upped their price target on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.00.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $65.79 on Monday. The company has a market cap of $9.90 billion, a PE ratio of 34.09 and a beta of 1.51. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The firm has a 50-day simple moving average of $64.91 and a 200 day simple moving average of $64.14. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. During the same quarter last year, the company posted $1.33 earnings per share. Skyworks Solutions’s revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Skyworks Solutions 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.