Bank of New York Mellon Corp Grows Stock Holdings in Skyworks Solutions, Inc. $SWKS

Bank of New York Mellon Corp boosted its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,091,757 shares of the semiconductor manufacturer’s stock after acquiring an additional 35,444 shares during the quarter. Bank of New York Mellon Corp’s holdings in Skyworks Solutions were worth $132,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quest 10 Wealth Builders Inc. grew its position in shares of Skyworks Solutions by 488.6% during the 4th 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 in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Skyworks Solutions in the second quarter worth $32,000. MUFG Securities EMEA plc purchased a new position in Skyworks Solutions in the second quarter worth $33,000. Fideuram Asset Management Ireland dac purchased a new position in Skyworks Solutions in the fourth quarter worth $29,000. Finally, Sound Income Strategies LLC grew its position in Skyworks Solutions by 137.1% in the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup upped their target price on shares of Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Loop Capital upped their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a research report on Wednesday, May 6th. Royal Bank Of Canada upped their target price on shares of Skyworks Solutions from $65.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus upped their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $73.57 on Friday. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 30.53 and a beta of 1.50. The company has a 50-day moving average price of $65.70 and a 200-day moving average price of $62.68. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, beating the consensus estimate of $1.04 by $0.11. The firm had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.61 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is presently 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.