DNB Asset Management AS Purchases 311,066 Shares of Skyworks Solutions, Inc. $SWKS

DNB Asset Management AS increased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 53.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 889,273 shares of the semiconductor manufacturer’s stock after buying an additional 311,066 shares during the quarter. DNB Asset Management AS’s holdings in Skyworks Solutions were worth $68,456,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in shares of Skyworks Solutions in the second quarter valued at about $28,000. Financial Consulate Inc. purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $29,000. Clearstead Trust LLC raised its stake in Skyworks Solutions by 200.0% during the 2nd 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 period. CYBER HORNET ETFs LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Skyworks Solutions by 98.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 0.4%

Shares of SWKS stock opened at $59.61 on Friday. The company has a market cap of $8.96 billion, a PE ratio of 22.93 and a beta of 1.33. The stock’s 50 day simple moving average is $60.82 and its two-hundred day simple moving average is $68.51. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $90.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.80.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.14. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $999.02 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. Research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced 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. This represents a $2.84 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, February 24th. Skyworks Solutions’s payout ratio is 109.23%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SWKS. Weiss Ratings lowered shares of Skyworks Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 6th. Wall Street Zen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. TD Cowen cut their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their target price on Skyworks Solutions from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, UBS Group dropped their price target on Skyworks Solutions from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $70.50.

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.