First Trust Advisors LP Purchases 756,280 Shares of Skyworks Solutions, Inc. $SWKS

First Trust Advisors LP raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 51.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,218,826 shares of the semiconductor manufacturer’s stock after purchasing an additional 756,280 shares during the period. First Trust Advisors LP’s holdings in Skyworks Solutions were worth $118,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. AlphaQuest LLC boosted its holdings in Skyworks Solutions by 662.4% in the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock valued at $3,383,000 after purchasing an additional 46,357 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth approximately $1,388,000. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after buying an additional 389,168 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Skyworks Solutions by 1,718.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock valued at $7,980,000 after buying an additional 118,909 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at approximately $19,403,000. Institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SWKS shares. TD Cowen upped their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. UBS Group raised their price target on Skyworks Solutions from $63.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Loop Capital boosted their price target on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Mizuho reaffirmed an “underperform” rating and set a $46.00 price objective (down from $60.00) on shares of Skyworks Solutions in a research report on Monday, April 20th. Finally, BNP Paribas Exane increased their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.47.

Skyworks Solutions Stock Down 4.3%

Shares of NASDAQ SWKS opened at $60.47 on Friday. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 25.09 and a beta of 1.50. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. The stock has a 50-day moving average price of $69.63 and a two-hundred day moving average price of $62.85.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The company 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 firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, analysts forecast that Skyworks Solutions, Inc. will post 3.62 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s payout ratio is presently 117.84%.

Skyworks Solutions Company 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.