Pacer Advisors Inc. Buys 101,821 Shares of Skyworks Solutions, Inc. $SWKS

Pacer Advisors Inc. grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,047,150 shares of the semiconductor manufacturer’s stock after buying an additional 101,821 shares during the period. Pacer Advisors Inc.’s holdings in Skyworks Solutions were worth $56,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Quest 10 Wealth Builders Inc. lifted its stake in shares of Skyworks Solutions by 488.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 342 shares during the period. CYBER HORNET ETFs LLC bought a new position in Skyworks Solutions during the second quarter valued at about $32,000. MUFG Securities EMEA plc bought a new position in Skyworks Solutions during the second quarter valued at about $33,000. Fideuram Asset Management Ireland dac acquired a new position in Skyworks Solutions in the 4th quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC raised its holdings in Skyworks Solutions by 137.1% in the 4th quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SWKS shares. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $60.00 to $70.00 in a report on Wednesday, April 22nd. Bank of America restated an “underperform” rating and issued a $65.00 target price on shares of Skyworks Solutions in a research note on Wednesday, July 29th. B. Riley Financial raised their target price on Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.22.

Skyworks Solutions Stock Down 1.6%

NASDAQ SWKS opened at $61.29 on Tuesday. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 31.76 and a beta of 1.51. The stock’s 50 day moving average is $67.90 and its two-hundred day moving average is $62.90. The company has a current ratio of 3.10, a quick ratio of 1.94 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. The business had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.Skyworks Solutions’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.62 earnings per share for the current fiscal 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.