Shariaportfolio Inc. Buys New Stake in Skyworks Solutions, Inc. $SWKS

Shariaportfolio Inc. purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 28,190 shares of the semiconductor manufacturer’s stock, valued at approximately $1,510,000. Skyworks Solutions makes up about 0.7% of Shariaportfolio Inc.’s investment portfolio, making the stock its 23rd largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Skyworks Solutions by 27.6% during the 1st quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock valued at $862,591,000 after buying an additional 3,481,658 shares during the period. State Street Corp lifted its position in Skyworks Solutions by 1.0% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Skyworks Solutions by 2.4% during 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 in the last quarter. Finally, FIL Ltd boosted its holdings in 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 currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $62.28 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. The company has a fifty day moving average price of $68.32 and a two-hundred day moving average price of $62.88. The company has a market cap of $9.37 billion, a PE ratio of 32.27 and a beta of 1.51.

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

Skyworks Solutions Dividend Announcement

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

Skyworks Solutions News Summary

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Bank of America reaffirmed an “underperform” rating and set a $65.00 price target on shares of Skyworks Solutions in a research note on Wednesday. KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Barclays raised shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $60.00 to $70.00 in a report on Wednesday, April 22nd. B. Riley Financial boosted their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average target price of $74.22.

Check Out Our Latest Stock Analysis on Skyworks Solutions

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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