Cresset Asset Management LLC Decreases Stake in Skyworks Solutions, Inc. $SWKS

Cresset Asset Management LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 59.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,519 shares of the semiconductor manufacturer’s stock after selling 22,430 shares during the period. Cresset Asset Management LLC’s holdings in Skyworks Solutions were worth $1,157,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SWKS. Park Place Capital Corp lifted its stake in Skyworks Solutions by 62.1% during the 2nd quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 141 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Skyworks Solutions in the second quarter worth approximately $28,000. Clearstead Trust LLC raised its holdings in shares of Skyworks Solutions by 200.0% during the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 274 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Skyworks Solutions by 98.6% during the second quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 217 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Skyworks Solutions by 424.1% in the second quarter. CVA Family Office LLC now owns 566 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 458 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Skyworks Solutions news, EVP Reza Kasnavi sold 7,332 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $62.26, for a total transaction of $456,490.32. Following the sale, the executive vice president directly owned 26,087 shares of the company’s stock, valued at $1,624,176.62. This trade represents a 21.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert John Terry sold 4,945 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total value of $307,974.60. Following the completion of the transaction, the senior vice president owned 19,824 shares in the company, valued at $1,234,638.72. The trade was a 19.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.28% of the company’s stock.

Skyworks Solutions Trading Up 0.4%

Shares of NASDAQ:SWKS opened at $68.81 on Thursday. The stock has a 50 day moving average of $71.00 and a 200 day moving average of $72.81. The company has a market cap of $10.23 billion, a PE ratio of 22.41 and a beta of 1.31. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $95.46. The company has a current ratio of 2.33, a quick ratio of 1.76 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.23. The business had revenue of $1.10 billion for the quarter. Skyworks Solutions had a net margin of 11.67% and a return on equity of 12.01%. Skyworks Solutions’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 EPS. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th were issued a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $2.84 annualized dividend and a yield of 4.1%. Skyworks Solutions’s dividend payout ratio is currently 92.51%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SWKS. Stifel Nicolaus set a $72.00 target price on shares of Skyworks Solutions in a research note on Wednesday, November 5th. Cfra Research raised Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 28th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, October 29th. BNP Paribas Exane upped their price target on shares of Skyworks Solutions from $71.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Finally, Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $105.00 in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.18.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.