Norges Bank Acquires Shares of 1,889,513 Skyworks Solutions, Inc. $SWKS

Norges Bank acquired a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,889,513 shares of the semiconductor manufacturer’s stock, valued at approximately $140,807,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SWKS. Park Place Capital Corp increased its stake in shares of Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 141 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Skyworks Solutions in the second quarter valued at about $28,000. Clearstead Trust LLC boosted its holdings in Skyworks Solutions by 200.0% in the 2nd quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 274 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Skyworks Solutions by 98.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 217 shares during the period. Finally, CVA Family Office LLC raised its stake in shares of 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 buying an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 3.7%

Shares of SWKS stock opened at $68.24 on Wednesday. The stock has a market cap of $10.15 billion, a P/E ratio of 27.30 and a beta of 1.31. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $95.46. The business has a fifty day simple moving average of $72.11 and a 200-day simple moving average of $72.92.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, topping the consensus estimate of $1.53 by $0.23. The business had revenue of $1.10 billion for the quarter. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. Skyworks Solutions’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders 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 dividend yield of 4.2%. Skyworks Solutions’s dividend payout ratio is currently 92.51%.

Insider Buying and Selling

In other Skyworks Solutions news, EVP Reza Kasnavi sold 7,332 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $62.26, for a total transaction of $456,490.32. Following the sale, the executive vice president owned 26,087 shares in the company, valued at approximately $1,624,176.62. This represents a 21.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert John Terry sold 4,945 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $62.28, for a total value of $307,974.60. Following the transaction, the senior vice president directly owned 19,824 shares of the company’s stock, valued at $1,234,638.72. The trade was a 19.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SWKS. Cfra set a $90.00 price target on Skyworks Solutions in a research note on Tuesday, October 28th. Morgan Stanley raised their target price on Skyworks Solutions from $65.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, October 29th. Finally, BNP Paribas Exane increased their price target on shares of Skyworks Solutions from $71.00 to $73.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.18.

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.