L2 Asset Management LLC Cuts Stock Position in Skyworks Solutions, Inc. $SWKS

L2 Asset Management LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 61.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,871 shares of the semiconductor manufacturer’s stock after selling 12,699 shares during the quarter. L2 Asset Management LLC’s holdings in Skyworks Solutions were worth $587,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Park Place Capital Corp raised its stake in shares of Skyworks Solutions by 62.1% in the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 141 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $28,000. Clearstead Trust LLC grew its position in shares of Skyworks Solutions by 200.0% during the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 274 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Skyworks Solutions by 98.6% in the second quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 217 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in Skyworks Solutions by 424.1% during the 2nd quarter. CVA Family Office LLC now owns 566 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 458 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $69.21 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.33 and a quick ratio of 1.76. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 22.54 and a beta of 1.31. The firm’s fifty day moving average price is $71.32 and its 200 day moving average price is $72.84. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $95.46.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.23. Skyworks Solutions had a net margin of 11.67% and a return on equity of 12.01%. The firm had revenue of $1.10 billion during the quarter. During the same period in the prior year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be given a $0.71 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $2.84 annualized dividend and a yield of 4.1%. Skyworks Solutions’s dividend payout ratio is presently 92.51%.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of analyst reports. Cfra set a $90.00 price objective on shares of Skyworks Solutions in a report on Tuesday, October 28th. UBS Group dropped their price objective on Skyworks Solutions from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Arete Research raised Skyworks Solutions to a “strong-buy” rating in a report on Thursday, August 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Skyworks Solutions in a research note on Wednesday, October 8th. Finally, Piper Sandler raised Skyworks Solutions from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $140.00 in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.18.

Insiders Place Their Bets

In other Skyworks Solutions news, EVP Reza Kasnavi sold 7,332 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the sale, the executive vice president directly owned 26,087 shares in the company, valued at approximately $1,624,176.62. The trade was a 21.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert John Terry sold 4,945 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total transaction of $307,974.60. Following the completion of the transaction, the senior vice president owned 19,824 shares of the company’s stock, valued at $1,234,638.72. This represents a 19.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.28% of the stock is currently owned by company insiders.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.