Wealthfront Advisers LLC Decreases Holdings in Skyworks Solutions, Inc. $SWKS

Wealthfront Advisers LLC decreased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 64.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,727 shares of the semiconductor manufacturer’s stock after selling 13,932 shares during the period. Wealthfront Advisers LLC’s holdings in Skyworks Solutions were worth $414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. 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 raised its holdings in shares of Skyworks Solutions by 137.1% in the 4th quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 281 shares during the period. 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 purchased a new position in Skyworks Solutions in the fourth quarter valued at approximately $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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stifel Nicolaus raised their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Mizuho reaffirmed an “underperform” rating and set a $46.00 price target (down from $60.00) on shares of Skyworks Solutions in a research report on Monday, April 20th. BNP Paribas Exane increased their price target on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on Skyworks Solutions from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $77.47.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $63.16 on Thursday. The stock has a market cap of $9.50 billion, a PE ratio of 26.21 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 $69.76 and a 200-day moving average of $62.88.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $943.70 million for the quarter, compared to analyst estimates of $901.76 million. During the same period in the previous year, the company posted $1.24 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. 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 Dividend Announcement

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 4.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

About Skyworks Solutions

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.