South Dakota Investment Council Trims Stake in Skyworks Solutions, Inc. $SWKS

South Dakota Investment Council lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 45.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,013 shares of the semiconductor manufacturer’s stock after selling 9,200 shares during the period. South Dakota Investment Council’s holdings in Skyworks Solutions were worth $848,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new position in shares of Skyworks Solutions in the second quarter worth $28,000. Financial Consulate Inc. acquired a new stake in shares of Skyworks Solutions during the third quarter valued at $29,000. Clearstead Trust LLC boosted its stake 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 valued at $31,000 after acquiring an additional 274 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $32,000. Finally, 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 in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

SWKS has been the topic of a number of recent research reports. Stifel Nicolaus restated a “hold” rating and issued a $65.00 target price (down from $72.00) on shares of Skyworks Solutions in a report on Wednesday, February 4th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, February 4th. Mizuho cut their price objective on shares of Skyworks Solutions from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. BNP Paribas Exane reduced their price objective on shares of Skyworks Solutions from $73.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Finally, Craig Hallum decreased their target price on shares of Skyworks Solutions from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $70.50.

Skyworks Solutions Stock Down 2.8%

Shares of NASDAQ:SWKS opened at $54.90 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 21.12 and a beta of 1.30. The stock’s 50-day moving average price is $59.97 and its two-hundred day moving average price is $67.84. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $999.02 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 EPS. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. On average, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, February 24th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $2.84 annualized dividend and a yield of 5.2%. Skyworks Solutions’s dividend payout ratio is 109.23%.

About Skyworks Solutions

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.