Envestnet Portfolio Solutions Inc. Grows Stake in Skyworks Solutions, Inc. $SWKS

Envestnet Portfolio Solutions Inc. lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,069 shares of the semiconductor manufacturer’s stock after buying an additional 475 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Skyworks Solutions were worth $452,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer’s stock valued at $1,340,393,000 after buying an additional 397,638 shares during the last quarter. Pzena Investment Management LLC grew its position in Skyworks Solutions by 57.3% in the second quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer’s stock valued at $909,714,000 after acquiring an additional 4,444,747 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Skyworks Solutions by 8.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer’s stock valued at $355,922,000 after acquiring an additional 408,577 shares in the last quarter. Invesco Ltd. raised its stake in shares of Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer’s stock valued at $267,675,000 after purchasing an additional 979,962 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Skyworks Solutions by 7.8% during the first quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer’s stock worth $160,729,000 after purchasing an additional 179,663 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $73.96 on Thursday. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $75.65 and its two-hundred day moving average price is $71.17. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $98.34. The stock has a market capitalization of $10.98 billion, a P/E ratio of 29.58 and a beta of 1.20.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $940.00 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, August 26th. Skyworks Solutions’s payout ratio is currently 113.60%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group began coverage on Skyworks Solutions in a research report on Thursday, July 10th. They set a “sell” rating and a $70.00 target price on the stock. Cfra Research raised Skyworks Solutions to a “moderate sell” rating in a report on Wednesday, August 6th. Loop Capital lifted their price objective on Skyworks Solutions from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. Finally, UBS Group upped their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $70.87.

Skyworks Solutions Company Profile

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.