Handelsbanken Fonder AB Cuts Stock Holdings in Skyworks Solutions, Inc. $SWKS

Handelsbanken Fonder AB reduced its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 69.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,200 shares of the semiconductor manufacturer’s stock after selling 87,911 shares during the period. Handelsbanken Fonder AB’s holdings in Skyworks Solutions were worth $2,847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Funds Management Pty Ltd acquired a new stake in Skyworks Solutions in the 2nd quarter valued at about $1,007,000. Frank Rimerman Advisors LLC raised its holdings in Skyworks Solutions by 122.9% in the second quarter. Frank Rimerman Advisors LLC now owns 13,701 shares of the semiconductor manufacturer’s stock valued at $1,021,000 after acquiring an additional 7,554 shares in the last quarter. Nordwand Advisors LLC purchased a new position in Skyworks Solutions in the second quarter worth approximately $1,125,000. LSV Asset Management grew its holdings in Skyworks Solutions by 10.4% during the 2nd quarter. LSV Asset Management now owns 1,676,470 shares of the semiconductor manufacturer’s stock worth $124,931,000 after acquiring an additional 157,676 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. increased its position in shares of Skyworks Solutions by 5.3% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 769,616 shares of the semiconductor manufacturer’s stock valued at $57,352,000 after purchasing an additional 38,529 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SWKS shares. Morgan Stanley lifted their price objective on shares of Skyworks Solutions from $65.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Barclays raised Skyworks Solutions from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $58.00 to $88.00 in a report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on Skyworks Solutions from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Piper Sandler raised Skyworks Solutions from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $140.00 in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus set a $72.00 price target on Skyworks Solutions in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $83.18.

Insiders Place Their Bets

In related news, SVP Robert John Terry sold 4,945 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total transaction of $307,974.60. Following the completion of the transaction, the senior vice president directly owned 19,824 shares of the company’s stock, valued at $1,234,638.72. This represents a 19.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Reza Kasnavi sold 7,332 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the completion of the sale, the executive vice president owned 26,087 shares of the company’s stock, valued at approximately $1,624,176.62. The trade was a 21.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.28% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $63.51 on Wednesday. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 25.40 and a beta of 1.21. The firm’s fifty day simple moving average is $73.39 and its 200-day simple moving average is $73.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $95.46.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.23. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm had revenue of $1.10 billion for the quarter. During the same quarter last year, the firm earned $1.55 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. As a group, equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.84 annualized dividend and a dividend yield of 4.5%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 92.51%.

Skyworks Solutions Company Profile

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.