Fifth Third Bancorp Grows Holdings in Skyworks Solutions, Inc. $SWKS

Fifth Third Bancorp raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) by 168.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,597 shares of the semiconductor manufacturer’s stock after buying an additional 53,033 shares during the period. Fifth Third Bancorp’s holdings in Skyworks Solutions were worth $4,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. United Services Automobile Association purchased a new stake in Skyworks Solutions during the first quarter valued at about $236,000. Focus Partners Wealth boosted its holdings in shares of Skyworks Solutions by 99.0% in the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 4,702 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Skyworks Solutions by 137.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock worth $171,000 after purchasing an additional 1,330 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at about $259,000. Finally, Gabelli Funds LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at about $1,004,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 3.0%

SWKS opened at $59.35 on Friday. The business has a 50 day simple moving average of $70.13 and a two-hundred day simple moving average of $62.93. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 24.63 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The firm had revenue of $943.70 million for the quarter, compared to analyst estimates of $901.76 million. During the same period last year, the company earned $1.24 EPS. The business’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. Analysts predict that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were issued a $0.71 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 annualized dividend and a yield of 4.8%. Skyworks Solutions’s payout ratio is 117.84%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SWKS. JPMorgan Chase & Co. boosted their target price on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Mizuho reissued an “underperform” rating and set a $46.00 price target (down from $60.00) on shares of Skyworks Solutions in a research note on Monday, April 20th. Craig Hallum boosted their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. B. Riley Financial upped their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, TD Cowen increased their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $77.47.

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About Skyworks Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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