Morningstar Investment Management LLC Sells 12,580 Shares of Skyworks Solutions, Inc. $SWKS

Morningstar Investment Management LLC lessened its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 29.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,782 shares of the semiconductor manufacturer’s stock after selling 12,580 shares during the period. Morningstar Investment Management LLC’s holdings in Skyworks Solutions were worth $1,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compound Planning Inc. grew its stake in Skyworks Solutions by 55.3% in the 1st quarter. Compound Planning Inc. now owns 5,531 shares of the semiconductor manufacturer’s stock worth $296,000 after acquiring an additional 1,970 shares in the last quarter. Caxton Associates LLP increased its position in shares of Skyworks Solutions by 83.3% during the first quarter. Caxton Associates LLP now owns 49,159 shares of the semiconductor manufacturer’s stock worth $2,632,000 after acquiring an additional 22,341 shares during the period. Bank of Nova Scotia raised its stake in shares of Skyworks Solutions by 313.2% during the first quarter. Bank of Nova Scotia now owns 52,588 shares of the semiconductor manufacturer’s stock valued at $2,816,000 after acquiring an additional 39,860 shares in the last quarter. Sei Investments Co. raised its stake in shares of Skyworks Solutions by 19.9% during the first quarter. Sei Investments Co. now owns 305,415 shares of the semiconductor manufacturer’s stock valued at $16,354,000 after acquiring an additional 50,784 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Skyworks Solutions by 142.6% in the first quarter. Lido Advisors LLC now owns 9,261 shares of the semiconductor manufacturer’s stock valued at $496,000 after purchasing an additional 5,443 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Shares of SWKS opened at $60.21 on Friday. The company has a 50 day moving average price of $69.46 and a 200-day moving average price of $62.83. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The stock has a market capitalization of $9.06 billion, a PE ratio of 24.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data 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 firm had revenue of $943.70 million for the quarter, compared to the consensus estimate of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Equities analysts predict that Skyworks Solutions, Inc. will post 3.62 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were issued a $0.71 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.7%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 117.84%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. UBS Group lifted their target price on Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Mizuho reiterated an “underperform” rating and issued a $46.00 target price (down from $60.00) on shares of Skyworks Solutions in a report on Monday, April 20th. Royal Bank Of Canada upped their target price on Skyworks Solutions from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 23rd. Finally, BNP Paribas Exane increased their price target on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $77.47.

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.