Entropy Technologies LP Acquires 19,573 Shares of Skyworks Solutions, Inc. $SWKS

Entropy Technologies LP increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 66.4% during the first quarter, Holdings Channel.com reports. The firm owned 49,035 shares of the semiconductor manufacturer’s stock after acquiring an additional 19,573 shares during the quarter. Entropy Technologies LP’s holdings in Skyworks Solutions were worth $2,626,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SWKS. Quest 10 Wealth Builders Inc. boosted its position in Skyworks Solutions by 488.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 342 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Skyworks Solutions during the second quarter valued at about $32,000. MUFG Securities EMEA plc purchased a new position in shares of Skyworks Solutions in the second quarter worth about $33,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Skyworks Solutions in the fourth quarter worth about $29,000. Finally, Sound Income Strategies LLC increased its holdings in shares of 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 buying an additional 281 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $60.21 on Monday. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $69.46 and its two-hundred day simple moving average is $62.82. The company has a market cap of $9.06 billion, a P/E ratio of 24.98 and a beta of 1.50. 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, topping the consensus estimate of $1.04 by $0.11. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The business had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. During the same period in the prior year, the business earned $1.24 EPS. 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 anticipate that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

Analysts Set New Price Targets

SWKS has been the subject of several analyst reports. UBS Group increased their target price on Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a research report on Wednesday, May 6th. Royal Bank Of Canada boosted their price objective on Skyworks Solutions from $72.00 to $80.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 23rd. Finally, BNP Paribas Exane increased their price objective on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $77.47.

About Skyworks Solutions

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.