Skandinaviska Enskilda Banken AB publ Sells 99,234 Shares of Skyworks Solutions, Inc. $SWKS

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 83.0% during the third quarter, HoldingsChannel reports. The fund owned 20,318 shares of the semiconductor manufacturer’s stock after selling 99,234 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Skyworks Solutions were worth $1,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. lifted its holdings in shares of Skyworks Solutions by 1.2% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 12,738 shares of the semiconductor manufacturer’s stock worth $981,000 after acquiring an additional 145 shares during the last quarter. Wedmont Private Capital raised its position in Skyworks Solutions by 5.8% in the 3rd quarter. Wedmont Private Capital now owns 2,775 shares of the semiconductor manufacturer’s stock worth $206,000 after purchasing an additional 151 shares during the period. Unison Advisors LLC lifted its stake in Skyworks Solutions by 0.9% in the third quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer’s stock worth $1,388,000 after purchasing an additional 164 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Skyworks Solutions by 0.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 24,308 shares of the semiconductor manufacturer’s stock valued at $1,807,000 after buying an additional 166 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of 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 buying an additional 217 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the topic of several recent analyst reports. Citigroup reduced their price target on Skyworks Solutions from $80.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Susquehanna reduced their target price on Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Cfra set a $90.00 target price on Skyworks Solutions in a research report on Tuesday, October 28th. Finally, KeyCorp cut their price target on shares of Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.50.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $60.05 on Friday. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $90.90. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $61.28 and a two-hundred day simple moving average of $68.76. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 23.10 and a beta of 1.33.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $999.02 million. During the same period in the previous year, the company posted $1.60 earnings per share. The firm’s quarterly 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. On average, analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.71 per share. The ex-dividend date is Tuesday, February 24th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.7%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.23%.

Skyworks Solutions 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.