Burney Co. Invests $7.65 Million in Skyworks Solutions, Inc. $SWKS

Burney Co. purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) during the first quarter, Holdings Channel.com reports. The fund purchased 142,777 shares of the semiconductor manufacturer’s stock, valued at approximately $7,646,000.

Other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC increased its position in Skyworks Solutions by 27.6% in the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after buying an additional 3,481,658 shares during the last quarter. Norges Bank bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at $121,304,000. FIL Ltd lifted its position in shares of Skyworks Solutions by 50.5% during the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after buying an additional 1,742,338 shares during the last quarter. Capital Research Global Investors bought a new position in shares of Skyworks Solutions during the 4th quarter worth $102,279,000. Finally, Marshall Wace LLP grew its stake in shares of Skyworks Solutions by 391.3% during the 3rd quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer’s stock worth $41,401,000 after acquiring an additional 722,414 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $61.91 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. Skyworks Solutions, Inc. has a 52-week low of $51.93 and a 52-week high of $90.90. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 25.69 and a beta of 1.50. The business’s fifty day moving average is $71.35 and its 200 day moving average is $63.29.

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

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 117.84%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SWKS shares. Citigroup boosted their price objective on Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. 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 research report on Wednesday, May 6th. Mizuho reiterated an “underperform” rating and issued a $46.00 target price (down from $60.00) on shares of Skyworks Solutions in a research note 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, KeyCorp upped their price target on shares of Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a research note 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 assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $77.06.

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.