Skyworks Solutions, Inc. $SWKS Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 62.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 32,940 shares of the semiconductor manufacturer’s stock after buying an additional 12,662 shares during the quarter. CIBC Asset Management Inc’s holdings in Skyworks Solutions were worth $2,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC lifted its holdings in Skyworks Solutions by 662.4% during the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after buying an additional 46,357 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Skyworks Solutions by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,163,728 shares of the semiconductor manufacturer’s stock worth $89,584,000 after acquiring an additional 29,444 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth about $1,388,000. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock worth $1,338,198,000 after acquiring an additional 389,168 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Skyworks Solutions by 1,718.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock worth $7,980,000 after acquiring an additional 118,909 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Craig Hallum raised their target price on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. BNP Paribas Exane raised their target price on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Mizuho reissued an “underperform” rating and set a $46.00 target price (down from $60.00) on shares of Skyworks Solutions in a research report on Monday, April 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Skyworks Solutions in a research report on Wednesday, May 6th. Finally, Citigroup raised their target price on Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $73.57 on Monday. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The company has a market capitalization of $11.07 billion, a P/E ratio of 30.53 and a beta of 1.50. The stock has a 50-day simple moving average of $65.70 and a 200-day simple moving average of $62.67.

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

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s payout ratio is presently 117.84%.

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.