Skyworks Solutions, Inc. $SWKS Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,301,243 shares of the semiconductor manufacturer’s stock after selling 723,000 shares during the period. Rafferty Asset Management LLC’s holdings in Skyworks Solutions were worth $100,170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer’s stock worth $1,594,620,000 after acquiring an additional 958,768 shares in the last quarter. Pzena Investment Management LLC increased its stake in Skyworks Solutions by 0.5% during the third quarter. Pzena Investment Management LLC now owns 12,272,162 shares of the semiconductor manufacturer’s stock worth $944,711,000 after purchasing an additional 64,519 shares during the period. Invesco Ltd. lifted its position in shares of Skyworks Solutions by 1.7% during the second quarter. Invesco Ltd. now owns 4,212,897 shares of the semiconductor manufacturer’s stock worth $313,945,000 after purchasing an additional 71,238 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Skyworks Solutions by 26.9% during the third quarter. Bank of New York Mellon Corp now owns 2,056,313 shares of the semiconductor manufacturer’s stock worth $158,295,000 after purchasing an additional 436,373 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of Skyworks Solutions by 13.9% in the third quarter. LSV Asset Management now owns 1,909,536 shares of the semiconductor manufacturer’s stock valued at $146,996,000 after purchasing an additional 233,066 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $65.00 target price (down from $72.00) on shares of Skyworks Solutions in a research note on Wednesday, February 4th. KeyCorp dropped their price target on shares of Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Susquehanna cut their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, February 4th. Finally, Zacks Research cut Skyworks Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.50.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $59.58 on Friday. The stock has a market cap of $8.96 billion, a P/E ratio of 22.92 and a beta of 1.33. The company has a fifty day simple moving average of $60.72 and a 200-day simple moving average of $68.43. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $90.90. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 EPS for the quarter, beating the consensus estimate of $1.40 by $0.14. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $999.02 million. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.Skyworks Solutions’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 24th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 109.23%.

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.