Letko Brosseau & Associates Inc. Sells 110,265 Shares of Skyworks Solutions, Inc. $SWKS

Letko Brosseau & Associates Inc. trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 671,432 shares of the semiconductor manufacturer’s stock after selling 110,265 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Skyworks Solutions were worth $42,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SWKS. Norges Bank bought a new position in shares of Skyworks Solutions in the fourth quarter valued at $121,304,000. Capital Research Global Investors purchased a new stake in shares of Skyworks Solutions in the fourth quarter valued at about $102,279,000. Vanguard Group Inc. raised its holdings in shares of Skyworks Solutions by 4.9% in the third quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer’s stock valued at $1,594,620,000 after purchasing an additional 958,768 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Skyworks Solutions by 391.3% in the third quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer’s stock valued at $41,401,000 after purchasing an additional 722,414 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Skyworks Solutions by 52.1% in the second quarter. Rafferty Asset Management LLC now owns 2,024,243 shares of the semiconductor manufacturer’s stock valued at $150,847,000 after purchasing an additional 693,379 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $73.56 on Wednesday. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a 50-day simple moving average of $66.48 and a 200 day simple moving average of $62.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The company has a market capitalization of $11.06 billion, a PE ratio of 30.52 and a beta of 1.50.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The business had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. During the same quarter last year, the company posted $1.24 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. On average, research analysts predict that Skyworks Solutions, Inc. will post 3.61 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 117.84%.

Wall Street Analyst Weigh In

SWKS has been the subject of several analyst reports. KeyCorp increased their target price on shares of Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Barclays upgraded shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $70.00 in a report on Wednesday, April 22nd. Morgan Stanley increased their target price on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Citigroup increased their target price on shares of Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, BNP Paribas Exane increased their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.61.

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.