PNC Financial Services Group Inc. Has $4.88 Million Stock Position in Skyworks Solutions, Inc. $SWKS

PNC Financial Services Group Inc. reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 10.4% in the 4th quarter, HoldingsChannel reports. The fund owned 76,886 shares of the semiconductor manufacturer’s stock after selling 8,971 shares during the period. PNC Financial Services Group Inc.’s holdings in Skyworks Solutions were worth $4,875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Manske Wealth Management increased its position in Skyworks Solutions by 3.8% in the 3rd quarter. Manske Wealth Management now owns 4,318 shares of the semiconductor manufacturer’s stock valued at $332,000 after acquiring an additional 160 shares during the period. Parallel Advisors LLC increased its position in Skyworks Solutions by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after acquiring an additional 163 shares during the period. Unison Advisors LLC increased its position in Skyworks Solutions by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after acquiring an additional 164 shares during the period. Wealth Enhancement Advisory Services LLC increased 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 worth $1,807,000 after buying an additional 166 shares during the period. Finally, International Private Wealth Advisors LLC increased its position in shares of Skyworks Solutions by 5.9% during the fourth quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock worth $236,000 after buying an additional 208 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Argus upgraded shares of Skyworks Solutions to a “hold” rating in a research report on Friday, February 6th. KeyCorp increased their price objective on shares of Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. BNP Paribas Exane raised their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Finally, UBS Group raised their price target on shares of Skyworks Solutions from $63.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $82.42 on Tuesday. 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 $61.33 and a 200 day simple moving average of $62.03. 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 $12.40 billion, a PE ratio of 34.20 and a beta of 1.48.

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 3.55 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be paid a $0.71 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $2.84 annualized dividend and a dividend yield of 3.4%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 117.84%.

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.