Twin Tree Management LP Takes Position in Skyworks Solutions, Inc. $SWKS

by · The Markets Daily

Twin Tree Management LP acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,813 shares of the semiconductor manufacturer’s stock, valued at approximately $937,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Skyworks Solutions during the second quarter worth about $1,393,584,000. Pzena Investment Management LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at approximately $1,082,972,000. Bank of New York Mellon Corp purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at approximately $143,597,000. Norges Bank acquired a new position in Skyworks Solutions in the fourth quarter valued at approximately $121,304,000. Finally, FIL Ltd lifted its holdings in Skyworks Solutions by 50.5% in the fourth quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after acquiring an additional 1,742,338 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Bank of America reaffirmed an “underperform” rating and issued a $65.00 price target on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Craig Hallum increased their price target on Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Four research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.00.

Read Our Latest Report on Skyworks Solutions

Skyworks Solutions Stock Down 1.2%

Shares of NASDAQ SWKS opened at $67.14 on Friday. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 34.79 and a beta of 1.51. 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, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The business’s 50 day moving average is $65.50 and its two-hundred day moving average is $63.86.

Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $925.97 million. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm’s revenue 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. Research analysts predict that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Skyworks Solutions Company Profile

(Free Report)

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.

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