Vanguard Group Inc. lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,714,728 shares of the semiconductor manufacturer’s stock after purchasing an additional 958,768 shares during the quarter. Vanguard Group Inc. owned 0.14% of Skyworks Solutions worth $1,594,620,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Invesco Ltd. raised its stake in Skyworks Solutions by 1.7% during the 2nd quarter. Invesco Ltd. now owns 4,212,897 shares of the semiconductor manufacturer’s stock worth $313,945,000 after buying an additional 71,238 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Skyworks Solutions by 26.9% in the third quarter. Bank of New York Mellon Corp now owns 2,056,313 shares of the semiconductor manufacturer’s stock worth $158,295,000 after acquiring an additional 436,373 shares in the last quarter. Rafferty Asset Management LLC raised 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 worth $150,847,000 after purchasing an additional 693,379 shares during the period. LSV Asset Management lifted its holdings in shares of Skyworks Solutions by 13.9% during the 3rd quarter. LSV Asset Management now owns 1,909,536 shares of the semiconductor manufacturer’s stock valued at $146,996,000 after purchasing an additional 233,066 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at approximately $140,807,000. Institutional investors own 85.43% of the company’s stock.
Skyworks Solutions Stock Up 1.4%
Shares of SWKS stock opened at $60.05 on Friday. The firm’s fifty day moving average price is $61.28 and its two-hundred day moving average price is $68.76. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $90.90. The firm has a market capitalization of $9.03 billion, a P/E ratio of 23.10 and a beta of 1.33.
Skyworks Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $2.84 annualized dividend and a dividend yield of 4.7%. Skyworks Solutions’s payout ratio is 109.23%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on SWKS. Cfra set a $90.00 target price on shares of Skyworks Solutions in a report on Tuesday, October 28th. KeyCorp dropped their price objective on shares of Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Zacks Research cut shares of Skyworks Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. UBS Group lowered their target price on Skyworks Solutions from $63.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Finally, Citigroup dropped their price target on Skyworks Solutions from $80.00 to $63.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $70.50.
View Our Latest Research Report on Skyworks Solutions
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.
Featured Stories
- Five stocks we like better than Skyworks Solutions
- The gold chart Wall Street is terrified of…
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
- This $15 Stock Could Go Down as the #1 Stock of 2026
- New gold price target
Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS – Free Report).
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
