Healthcare of Ontario Pension Plan Trust Fund Sells 174,065 Shares of Skyworks Solutions, Inc. $SWKS

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 30.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 406,194 shares of the semiconductor manufacturer’s stock after selling 174,065 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Skyworks Solutions were worth $25,757,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC boosted its stake in shares of Skyworks Solutions by 662.4% in the fourth quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after acquiring an additional 46,357 shares during the period. JPMorgan Chase & Co. boosted its stake in Skyworks Solutions by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 1,163,728 shares of the semiconductor manufacturer’s stock valued at $89,584,000 after buying an additional 29,444 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Skyworks Solutions during the fourth quarter valued at approximately $1,388,000. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after buying an additional 389,168 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Skyworks Solutions by 1,718.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock valued at $7,980,000 after buying an additional 118,909 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Citigroup increased their price target on Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price target on Skyworks Solutions from $65.00 to $72.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $76.26 on Tuesday. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 31.64 and a beta of 1.50. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90. The business has a 50 day simple moving average of $68.05 and a 200-day simple moving average of $63.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.11. The business had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.61 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 117.84%.

Skyworks Solutions Company 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.