Skyworks Solutions, Inc. $SWKS Shares Purchased by SummitTX Capital L.P.

SummitTX Capital L.P. boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 230.6% during the first quarter, HoldingsChannel.com reports. The fund owned 64,934 shares of the semiconductor manufacturer’s stock after acquiring an additional 45,295 shares during the period. SummitTX Capital L.P.’s holdings in Skyworks Solutions were worth $3,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Skyworks Solutions by 1.9% during 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 purchasing an additional 389,168 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Skyworks Solutions by 27.6% during the 1st quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after purchasing an additional 3,481,658 shares during the period. State Street Corp lifted its holdings in shares of Skyworks Solutions by 1.0% in the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock worth $418,557,000 after purchasing an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Skyworks Solutions by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock worth $374,229,000 after purchasing an additional 137,506 shares during the last quarter. Finally, FIL Ltd boosted its position in Skyworks Solutions by 50.5% during the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after purchasing an additional 1,742,338 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus upped their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Citigroup raised their target price on Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen boosted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Barclays upgraded shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $60.00 to $70.00 in a research report on Wednesday, April 22nd. Finally, KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.47.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $63.44 on Tuesday. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 26.32 and a beta of 1.50. The business has a 50 day simple moving average of $69.32 and a 200 day simple moving average of $62.80.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The firm had revenue of $943.70 million for the quarter, compared to the consensus estimate of $901.76 million. During the same quarter in the previous year, the business earned $1.24 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. On average, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors 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 4.5%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s payout ratio is currently 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.