Skyworks Solutions, Inc. $SWKS Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 19.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,612,201 shares of the semiconductor manufacturer’s stock after purchasing an additional 753,004 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Skyworks Solutions were worth $246,978,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its position in Skyworks Solutions by 34.1% in the 1st quarter. Parallel Advisors LLC now owns 4,175 shares of the semiconductor manufacturer’s stock valued at $224,000 after buying an additional 1,061 shares during the last quarter. Swiss National Bank grew its stake in Skyworks Solutions by 1.4% during the 1st quarter. Swiss National Bank now owns 296,700 shares of the semiconductor manufacturer’s stock worth $15,888,000 after buying an additional 4,100 shares during the last quarter. AIA Group Ltd increased its position in Skyworks Solutions by 67.3% in the first quarter. AIA Group Ltd now owns 96,738 shares of the semiconductor manufacturer’s stock worth $5,180,000 after buying an additional 38,911 shares during the period. Aviance Capital Partners LLC lifted its position in Skyworks Solutions by 22.8% in the 1st quarter. Aviance Capital Partners LLC now owns 6,573 shares of the semiconductor manufacturer’s stock valued at $352,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in Skyworks Solutions during the 1st quarter worth $519,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Down 4.3%

Skyworks Solutions stock opened at $60.47 on Friday. Skyworks Solutions, Inc. has a 52 week low of $51.93 and a 52 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 firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 25.09 and a beta of 1.50. The company has a 50 day moving average price of $69.63 and a 200 day moving average price of $62.85.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The company had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s payout ratio is 117.84%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Craig Hallum upped their price target on Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Morgan Stanley increased their price objective on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Stifel Nicolaus raised their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Finally, Loop Capital lifted their target price on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average target price of $77.47.

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.