1,913,016 Shares in Skyworks Solutions, Inc. $SWKS Purchased by Norges Bank

Norges Bank acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,913,016 shares of the semiconductor manufacturer’s stock, valued at approximately $121,304,000.

Several other large investors also recently added to or reduced their stakes in SWKS. Quest 10 Wealth Builders Inc. grew its stake in Skyworks Solutions by 488.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 342 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Skyworks Solutions by 137.1% during the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 281 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in Skyworks Solutions in the second quarter worth approximately $33,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWKS has been the subject of a number of research analyst reports. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $60.00 to $70.00 in a research report on Wednesday, April 22nd. KeyCorp increased their price target on Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. B. Riley Financial upped their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, UBS Group increased their target price on shares of Skyworks Solutions from $63.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average target price of $76.61.

Skyworks Solutions Stock Down 0.9%

Skyworks Solutions stock opened at $79.93 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The firm has a market cap of $12.02 billion, a P/E ratio of 33.17 and a beta of 1.50. The business has a fifty day moving average of $65.36 and a two-hundred day moving average of $62.60. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The business had revenue of $943.70 million for 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%.The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.61 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 3.6%. Skyworks Solutions’s payout ratio is currently 117.84%.

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.