Illinois Municipal Retirement Fund Boosts Stock Holdings in Skyworks Solutions, Inc. $SWKS

Illinois Municipal Retirement Fund grew its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 139,987 shares of the semiconductor manufacturer’s stock after buying an additional 12,812 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Skyworks Solutions were worth $10,432,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Park Place Capital Corp increased its holdings in Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 141 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Skyworks Solutions during the 2nd quarter valued at $28,000. Parkside Financial Bank & Trust increased its holdings in shares of Skyworks Solutions by 98.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 217 shares during the period. CVA Family Office LLC increased its holdings in shares of Skyworks Solutions by 424.1% in the 2nd quarter. CVA Family Office LLC now owns 566 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 458 shares during the period. Finally, Spire Wealth Management raised its position in shares of Skyworks Solutions by 61.9% in the 2nd quarter. Spire Wealth Management now owns 612 shares of the semiconductor manufacturer’s stock worth $46,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 0.7%

NASDAQ:SWKS opened at $69.10 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $95.46. The company has a market cap of $10.26 billion, a PE ratio of 27.64 and a beta of 1.21. The company’s 50 day moving average is $75.51 and its two-hundred day moving average is $73.18.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, topping the consensus estimate of $1.53 by $0.23. The business had revenue of $1.10 billion during the quarter. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. Analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $2.84 dividend on an annualized basis and a yield of 4.1%. Skyworks Solutions’s payout ratio is currently 92.51%.

Analyst Ratings Changes

SWKS has been the topic of a number of recent research reports. Piper Sandler raised Skyworks Solutions from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $140.00 in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on shares of Skyworks Solutions from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Susquehanna raised their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Barclays raised shares of Skyworks Solutions from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $58.00 to $88.00 in a research report on Wednesday, October 29th. Finally, Arete Research raised shares of Skyworks Solutions to a “strong-buy” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.94.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.