Cresset Asset Management LLC Acquires 11,284 Shares of Skyworks Solutions, Inc. $SWKS

Cresset Asset Management LLC grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 72.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,803 shares of the semiconductor manufacturer’s stock after buying an additional 11,284 shares during the quarter. Cresset Asset Management LLC’s holdings in Skyworks Solutions were worth $2,063,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SWKS. Financial Consulate Inc. bought a new stake in Skyworks Solutions in the third quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new position in Skyworks Solutions during the second quarter worth about $28,000. Clearstead Trust LLC lifted its stake in Skyworks Solutions by 200.0% during the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 274 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions during the second quarter valued at approximately $32,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Skyworks Solutions by 98.6% during the second quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 217 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Down 2.8%

Shares of SWKS opened at $54.90 on Friday. The company has a market capitalization of $8.26 billion, a P/E ratio of 21.12 and a beta of 1.30. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $90.90. The business’s 50 day simple moving average is $59.97 and its 200-day simple moving average is $67.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.80.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $999.02 million. During the same period last year, the firm posted $1.60 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SWKS shares. KeyCorp dropped their target price on Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Susquehanna lowered their price target on Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Weiss Ratings lowered Skyworks Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Craig Hallum cut their price objective on Skyworks Solutions from $85.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada began coverage on shares of Skyworks Solutions in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $65.00 target price on the stock. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.50.

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.