ARGA Investment Management LP Takes $19.61 Million Position in Skyworks Solutions, Inc. $SWKS

ARGA Investment Management LP bought a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 1st quarter, Holdings Channel.com reports. The firm bought 366,179 shares of the semiconductor manufacturer’s stock, valued at approximately $19,609,000. Skyworks Solutions accounts for about 0.6% of ARGA Investment Management LP’s portfolio, making the stock its 29th largest holding.

Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Skyworks Solutions by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after buying an additional 163 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in Skyworks Solutions by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after buying an additional 200 shares during the period. International Private Wealth Advisors LLC grew its holdings in Skyworks Solutions by 5.9% in the 4th quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock worth $236,000 after acquiring an additional 208 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Skyworks Solutions by 2.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock worth $505,000 after acquiring an additional 213 shares during the last quarter. Finally, Unison Advisors LLC increased its position in shares of Skyworks Solutions by 1.2% in the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock valued at $986,000 after acquiring an additional 219 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Skyworks Solutions in a report on Wednesday, May 6th. TD Cowen upped their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on Skyworks Solutions from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $77.47.

Skyworks Solutions Stock Up 0.7%

Shares of NASDAQ SWKS opened at $60.38 on Friday. 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. The firm has a market capitalization of $9.08 billion, a PE ratio of 25.05 and a beta of 1.50. The firm has a fifty day simple moving average of $71.14 and a two-hundred day simple moving average of $63.16.

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

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were issued a $0.71 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 annualized dividend and a yield of 4.7%. Skyworks Solutions’s dividend payout ratio (DPR) 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.