Securian Asset Management Inc. Reduces Holdings in Skyworks Solutions, Inc. $SWKS

Securian Asset Management Inc. trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,849 shares of the semiconductor manufacturer’s stock after selling 654 shares during the quarter. Securian Asset Management Inc.’s holdings in Skyworks Solutions were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Skyworks Solutions by 2.0% during the first quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer’s stock worth $1,340,393,000 after purchasing an additional 397,638 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Skyworks Solutions by 57.3% during the second quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer’s stock worth $909,714,000 after purchasing an additional 4,444,747 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Skyworks Solutions by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer’s stock worth $355,922,000 after purchasing an additional 408,577 shares during the last quarter. Invesco Ltd. lifted its position in shares of Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer’s stock worth $267,675,000 after purchasing an additional 979,962 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Skyworks Solutions by 7.8% during the first quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer’s stock worth $160,729,000 after purchasing an additional 179,663 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SWKS has been the subject of several research analyst reports. UBS Group lifted their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. The Goldman Sachs Group initiated coverage on Skyworks Solutions in a research report on Thursday, July 10th. They set a “sell” rating and a $70.00 target price for the company. Cfra Research upgraded Skyworks Solutions to a “moderate sell” rating in a research report on Wednesday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Skyworks Solutions in a report on Wednesday, October 8th. Finally, Arete Research upgraded Skyworks Solutions to a “strong-buy” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $70.87.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $74.04 on Friday. The company has a market capitalization of $10.99 billion, a PE ratio of 29.62 and a beta of 1.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The company has a 50-day simple moving average of $75.65 and a two-hundred day simple moving average of $71.49. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $98.34.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.09. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th were issued a $0.71 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, August 26th. Skyworks Solutions’s dividend payout ratio is presently 113.60%.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.