Rhumbline Advisers Decreases Stock Holdings in Skyworks Solutions, Inc. $SWKS

Rhumbline Advisers reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 20.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 317,875 shares of the semiconductor manufacturer’s stock after selling 80,047 shares during the quarter. Rhumbline Advisers’ holdings in Skyworks Solutions were worth $24,470,000 at the end of the most recent quarter.

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

Skyworks Solutions Stock Up 2.3%

Shares of NASDAQ:SWKS opened at $62.10 on Tuesday. 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 $61.86 and a two-hundred day simple moving average of $68.97. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $90.90. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 23.88 and a beta of 1.33.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results 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. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $999.02 million. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The company’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the company earned $1.60 earnings per share. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 24th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 109.23%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SWKS shares. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, February 4th. JPMorgan Chase & Co. cut their target price on shares of Skyworks Solutions from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley reduced their price target on shares of Skyworks Solutions from $89.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Argus upgraded shares of Skyworks Solutions to a “hold” rating in a report on Friday, February 6th. Finally, Barclays reduced their target price on Skyworks Solutions from $88.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.50.

Insider Buying and Selling

In related news, EVP Reza Kasnavi sold 7,332 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total value of $456,490.32. Following the completion of the transaction, the executive vice president directly owned 26,087 shares in the company, valued at $1,624,176.62. The trade was a 21.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert John Terry sold 4,945 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total value of $307,974.60. Following the completion of the transaction, the senior vice president directly owned 19,824 shares in the company, valued at $1,234,638.72. This trade represents a 19.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.28% of the company’s stock.

Skyworks Solutions Company 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.