Letko Brosseau & Associates Inc. Has $42.58 Million Stock Position in Skyworks Solutions, Inc. $SWKS

Letko Brosseau & Associates Inc. reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 671,432 shares of the semiconductor manufacturer’s stock after selling 110,265 shares during the quarter. Letko Brosseau & Associates Inc. owned approximately 0.45% of Skyworks Solutions worth $42,576,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quest 10 Wealth Builders Inc. boosted its stake in shares of Skyworks Solutions by 488.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $32,000. MUFG Securities EMEA plc bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $33,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at $29,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Skyworks Solutions by 137.1% in the 4th quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 281 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Loop Capital upped their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. BNP Paribas Exane upped their price objective on shares of Skyworks Solutions from $60.00 to $70.00 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 company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their price objective on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.61.

Skyworks Solutions Stock Down 2.4%

Shares of NASDAQ SWKS opened at $73.56 on Wednesday. The firm has a market cap of $11.06 billion, a PE ratio of 30.52 and a beta of 1.50. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The company’s fifty day simple moving average is $66.48 and its 200 day simple moving average is $62.84. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The business had revenue of $943.70 million for the quarter, compared to analyst estimates of $901.76 million. During the same period in the prior year, the firm earned $1.24 earnings per share. 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, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.61 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 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.