Western Wealth Management LLC Invests $1.22 Million in Skyworks Solutions, Inc. $SWKS

Western Wealth Management LLC acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKSFree Report) during the first quarter, HoldingsChannel.com reports. The fund acquired 22,810 shares of the semiconductor manufacturer’s stock, valued at approximately $1,221,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Skyworks Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after buying an additional 389,168 shares during the last quarter. Pzena Investment Management LLC raised its position in Skyworks Solutions by 27.6% in the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after acquiring an additional 3,481,658 shares during the period. State Street Corp boosted its stake in shares of Skyworks Solutions by 1.0% during the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock worth $418,557,000 after acquiring an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Skyworks Solutions by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock worth $374,229,000 after acquiring an additional 137,506 shares during the last quarter. Finally, FIL Ltd grew its position in shares of Skyworks Solutions by 50.5% during the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after acquiring an additional 1,742,338 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $62.28 on Monday. The stock has a market cap of $9.37 billion, a PE ratio of 32.27 and a beta of 1.51. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90. The firm has a fifty day moving average price of $68.32 and a 200-day moving average price of $62.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The company had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts anticipate that Skyworks Solutions, Inc. will post 3.62 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.6%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 147.15%.

Skyworks Solutions News Roundup

Here are the key news stories impacting Skyworks Solutions this week:

Analysts Set New Price Targets

Several equities research analysts have recently commented on SWKS shares. Stifel Nicolaus reduced their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Finally, UBS Group raised their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $74.22.

Read Our Latest Research Report on SWKS

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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