Norges Bank Buys New Stake in Skyworks Solutions, Inc. $SWKS

Norges Bank purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,913,016 shares of the semiconductor manufacturer’s stock, valued at approximately $121,304,000. Norges Bank owned about 1.27% of Skyworks Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SWKS. Quest 10 Wealth Builders Inc. lifted its position in Skyworks Solutions by 488.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Skyworks Solutions by 137.1% in the 4th quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 281 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SWKS shares. Craig Hallum lifted their price target on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Argus upgraded Skyworks Solutions to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their target price on Skyworks Solutions from $65.00 to $72.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley increased their price target on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $79.93 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. The firm has a market capitalization of $12.02 billion, a P/E ratio of 33.17 and a beta of 1.50. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The company’s 50-day moving average is $65.36 and its 200 day moving average is $62.60.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.11. The business had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 3.61 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is 117.84%.

Skyworks Solutions 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.