Skyworks Solutions, Inc. $SWKS Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 47,432 shares of the semiconductor manufacturer’s stock, valued at approximately $4,054,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SWKS. Vise Technologies Inc. raised its position in shares of Skyworks Solutions by 19.3% during the third quarter. Vise Technologies Inc. now owns 5,567 shares of the semiconductor manufacturer’s stock worth $476,000 after acquiring an additional 899 shares during the last quarter. Cidel Asset Management Inc. acquired a new position in shares of Skyworks Solutions during the third quarter valued at $234,000. Unison Advisors LLC boosted its holdings in Skyworks Solutions by 1.2% in the third quarter. Unison Advisors LLC now owns 18,845 shares of the semiconductor manufacturer’s stock valued at $1,611,000 after acquiring an additional 218 shares during the last quarter. MGO One Seven LLC increased its position in Skyworks Solutions by 16.9% in the third quarter. MGO One Seven LLC now owns 4,077 shares of the semiconductor manufacturer’s stock worth $349,000 after purchasing an additional 589 shares during the period. Finally, Avestar Capital LLC acquired a new stake in Skyworks Solutions in the third quarter worth about $289,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Key Headlines 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

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of research reports. BMO Capital Markets started coverage on shares of Skyworks Solutions in a research report on Friday, August 21st. They set a “market perform” rating and a $70.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Skyworks Solutions in a research note on Wednesday. They set a “sell” rating and a $78.00 price target for the company. Jefferies Financial Group lowered shares of Skyworks Solutions to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Finally, KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $77.28.

Skyworks Solutions Trading Up 1.2%

Shares of Skyworks Solutions stock traded up $0.98 during trading on Friday, hitting $82.19. 4,007,602 shares of the company were exchanged, compared to its average volume of 5,337,441. The firm has a market capitalization of $12.37 billion, a P/E ratio of 72.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.51. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $92.80. The firm’s fifty day moving average price is $82.14 and its 200 day moving average price is $68.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. As a group, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.78 earnings per share for the current fiscal year.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.