Shariaportfolio Inc. Acquires New Shares in Skyworks Solutions, Inc. $SWKS

Shariaportfolio Inc. acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 28,190 shares of the semiconductor manufacturer’s stock, valued at approximately $1,510,000. Skyworks Solutions comprises 0.7% of Shariaportfolio Inc.’s holdings, making the stock its 23rd biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 1.9% in 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. Pzena Investment Management LLC grew its position in shares of Skyworks Solutions by 27.6% during the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after acquiring an additional 3,481,658 shares during the last quarter. State Street Corp grew its position in shares of Skyworks Solutions by 1.0% during the fourth quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock worth $418,557,000 after acquiring an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Skyworks Solutions by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock worth $374,229,000 after acquiring an additional 137,506 shares during the period. Finally, FIL Ltd increased its holdings in shares of Skyworks Solutions by 50.5% in the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock worth $329,111,000 after acquiring an additional 1,742,338 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. TD Cowen dropped their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Loop Capital lifted their price target on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Bank of America reiterated an “underperform” rating and set a $65.00 price objective on shares of Skyworks Solutions in a research report on Wednesday. Finally, Mizuho decreased their price objective on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $74.22.

View Our Latest Research Report on SWKS

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $62.28 on Monday. The stock has a market cap of $9.37 billion, a P/E ratio of 32.27 and a beta of 1.51. The firm’s 50-day simple moving average is $68.32 and its 200 day simple moving average is $62.88. 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 quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were issued a $0.71 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 annualized dividend and a dividend yield of 4.6%. Skyworks Solutions’s dividend payout ratio (DPR) is 147.15%.

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About Skyworks Solutions

(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

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

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