Wealthfront Advisers LLC Trims Stake in Skyworks Solutions, Inc. $SWKS

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

A number of other institutional investors and hedge funds also recently made changes to their positions in SWKS. United Services Automobile Association bought a new position in Skyworks Solutions in the 1st quarter worth about $236,000. Focus Partners Wealth boosted its position in shares of Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock valued at $611,000 after acquiring an additional 4,702 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Skyworks Solutions by 137.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after acquiring an additional 1,330 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Skyworks Solutions during the second quarter worth about $259,000. Finally, Gabelli Funds LLC purchased a new position in shares of Skyworks Solutions during the second quarter worth about $1,004,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Stifel Nicolaus boosted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Skyworks Solutions in a report on Wednesday, May 6th. Finally, Loop Capital raised their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $77.47.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $63.16 on Thursday. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $9.50 billion, a PE ratio of 26.21 and a beta of 1.50. The business’s 50-day moving average price is $69.76 and its 200-day moving average price is $62.88. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.Skyworks Solutions’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.62 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.84 annualized dividend and a dividend yield of 4.5%. Skyworks Solutions’s dividend payout ratio (DPR) is 117.84%.

Skyworks Solutions 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.