Skyworks Solutions, Inc. $SWKS Stake Increased by DNB Asset Management AS

DNB Asset Management AS increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,141,649 shares of the semiconductor manufacturer’s stock after buying an additional 252,376 shares during the period. DNB Asset Management AS owned about 0.76% of Skyworks Solutions worth $72,392,000 at the end of the most recent reporting period.

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

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $68.53 on Friday. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. 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 company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 28.44 and a beta of 1.48. The firm has a 50-day moving average of $58.90 and a two-hundred day moving average of $62.20.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The company had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. During the same period in the prior year, the company earned $1.24 EPS. Skyworks Solutions’s revenue was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.55 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several recent research reports. Argus upgraded shares of Skyworks Solutions to a “hold” rating in a research note on Friday, February 6th. Mizuho reissued an “underperform” rating and set a $46.00 price target (down from $60.00) on shares of Skyworks Solutions in a report on Monday, April 20th. Barclays raised shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $70.00 in a report on Wednesday, April 22nd. Susquehanna reduced their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Finally, Stifel Nicolaus boosted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $76.61.

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.