Meeder Asset Management Inc. Buys 25,762 Shares of Skyworks Solutions, Inc. $SWKS

Meeder Asset Management Inc. raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 139.5% during the first quarter, Holdings Channel reports. The fund owned 44,231 shares of the semiconductor manufacturer’s stock after buying an additional 25,762 shares during the period. Meeder Asset Management Inc.’s holdings in Skyworks Solutions were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quest 10 Wealth Builders Inc. increased its stake in shares of Skyworks Solutions by 488.6% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 342 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Skyworks Solutions by 137.1% in the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 281 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Skyworks Solutions by 93.8% in the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in Skyworks Solutions during the fourth quarter valued at $29,000. Finally, CYBER HORNET ETFs LLC bought a new position in Skyworks Solutions during the second quarter valued at $32,000. 85.43% of the stock is owned by institutional investors.

Key Headlines Impacting Skyworks Solutions

Here are the key news stories impacting Skyworks Solutions this week:

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $59.35 on Monday. The stock has a market cap of $8.93 billion, a PE ratio of 24.63 and a beta of 1.50. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The stock has a fifty day moving average of $70.13 and a 200-day moving average of $62.92.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The business had revenue of $943.70 million for the quarter, compared to analysts’ expectations of $901.76 million. During the same quarter in the prior year, the firm posted $1.24 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.62 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

Analysts Set New Price Targets

Several brokerages have issued reports on SWKS. UBS Group boosted their target price on Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Mizuho reiterated an “underperform” rating and set a $46.00 price target (down from $60.00) on shares of Skyworks Solutions in a research note on Monday, April 20th. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. Finally, B. Riley Financial boosted their price objective on Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $77.47.

Check Out Our Latest Stock Analysis on SWKS

Skyworks Solutions Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report).

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.