DNB Asset Management AS Raises Stock Position in Skyworks Solutions, Inc. $SWKS

DNB Asset Management AS grew its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 53.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 889,273 shares of the semiconductor manufacturer’s stock after purchasing an additional 311,066 shares during the quarter. DNB Asset Management AS owned about 0.60% of Skyworks Solutions worth $68,456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Skyworks Solutions by 4.9% in the third quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer’s stock worth $1,594,620,000 after buying an additional 958,768 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Skyworks Solutions by 0.5% during the 3rd quarter. Pzena Investment Management LLC now owns 12,272,162 shares of the semiconductor manufacturer’s stock worth $944,711,000 after acquiring an additional 64,519 shares during the period. Invesco Ltd. raised its position in shares of Skyworks Solutions by 1.7% in the 2nd quarter. Invesco Ltd. now owns 4,212,897 shares of the semiconductor manufacturer’s stock worth $313,945,000 after acquiring an additional 71,238 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Skyworks Solutions by 26.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,056,313 shares of the semiconductor manufacturer’s stock valued at $158,295,000 after purchasing an additional 436,373 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in shares of Skyworks Solutions by 52.1% during 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 in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BNP Paribas Exane lowered their price objective on Skyworks Solutions from $73.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings lowered shares of Skyworks Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Barclays decreased their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Stifel Nicolaus reissued a “hold” rating and issued a $65.00 price target (down from $72.00) on shares of Skyworks Solutions in a research report on Wednesday, February 4th. Finally, Argus raised Skyworks Solutions to a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.50.

Skyworks Solutions Trading Down 0.4%

Shares of NASDAQ:SWKS opened at $59.61 on Friday. The stock’s 50-day simple moving average is $60.82 and its two-hundred day simple moving average is $68.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.40. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 22.93 and a beta of 1.33. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.14. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $999.02 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. Analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors 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 4.8%. Skyworks Solutions’s payout ratio is 109.23%.

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.