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

Keybank National Association OH boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,091 shares of the semiconductor manufacturer’s stock after acquiring an additional 20,196 shares during the quarter. Keybank National Association OH owned 0.21% of Skyworks Solutions worth $26,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitlin John LLC bought a new stake in Skyworks Solutions in the second quarter valued at approximately $27,000. Parkside Financial Bank & Trust grew its holdings in shares of Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 206 shares during the last quarter. J.Safra Asset Management Corp bought a new position in shares of Skyworks Solutions in the second quarter worth approximately $28,000. Fortitude Family Office LLC increased its stake in shares of Skyworks Solutions by 254.7% in the third quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 242 shares during the period. Finally, Hara Capital LLC purchased a new position in shares of Skyworks Solutions in the second quarter worth $35,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Up 6.0%

Shares of NASDAQ SWKS opened at $87.64 on Thursday. The company has a current ratio of 3.34, a quick ratio of 2.48 and a debt-to-equity ratio of 0.43. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $92.80. The firm has a market capitalization of $13.19 billion, a PE ratio of 76.88, a price-to-earnings-growth ratio of 1.40 and a beta of 1.51. The firm has a fifty day simple moving average of $83.20 and a two-hundred day simple moving average of $68.55.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SWKS shares. JPMorgan Chase & Co. increased their price target on shares of Skyworks Solutions from $65.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday. Stifel Nicolaus decreased their price objective on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Citigroup lowered their price objective on shares of Skyworks Solutions from $90.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, November 4th. Barclays lowered shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $70.00 to $79.00 in a report on Thursday, November 5th. Finally, Zacks Research raised Skyworks Solutions from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.94.

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.