Skyworks Solutions, Inc. $SWKS Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 705.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,814 shares of the semiconductor manufacturer’s stock after purchasing an additional 36,622 shares during the period. Fulcrum Asset Management LLP’s holdings in Skyworks Solutions were worth $3,681,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Skyworks Solutions by 22.8% during the 1st quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock worth $114,032,000 after buying an additional 396,057 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Skyworks Solutions by 177.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 68,838 shares of the semiconductor manufacturer’s stock worth $5,559,000 after buying an additional 44,068 shares during the period. BlackRock Inc. purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $1,393,584,000. Pzena Investment Management LLC acquired a new position in Skyworks Solutions in the second quarter valued at $1,082,972,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Skyworks Solutions by 123.0% in the second quarter. Assenagon Asset Management S.A. now owns 241,542 shares of the semiconductor manufacturer’s stock valued at $16,377,000 after acquiring an additional 133,217 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $82.83 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.94 and a current ratio of 3.34. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $92.80. The firm has a market cap of $12.46 billion, a P/E ratio of 72.66, a price-to-earnings-growth ratio of 2.10 and a beta of 1.51. The stock has a 50-day simple moving average of $82.48 and a 200-day simple moving average of $68.30.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly 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 for the quarter, compared to analyst estimates of $1.04 billion. Skyworks Solutions had a return on equity of 9.70% and a net margin of 4.35%. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on SWKS. Jefferies Financial Group downgraded Skyworks Solutions to a “buy” rating in a research report on Wednesday, November 4th. Zacks Research upgraded Skyworks Solutions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th. Barclays lowered Skyworks Solutions from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $70.00 to $79.00 in a research note on Thursday, November 5th. The Goldman Sachs Group initiated coverage on Skyworks Solutions in a research note on Wednesday, November 4th. They issued a “sell” rating and a $78.00 price objective on the stock. Finally, KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $77.28.

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.

Headquartered in Irvine, California, Skyworks serves customers around the world.