Principal Financial Group Inc. Reduces Holdings in Skyworks Solutions, Inc. $SWKS

Principal Financial Group Inc. trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,350 shares of the semiconductor manufacturer’s stock after selling 13,179 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Skyworks Solutions worth $13,421,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp bought a new position in Skyworks Solutions in the 2nd quarter worth $28,000. Clearstead Trust LLC lifted its position in Skyworks Solutions by 200.0% during the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 274 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Skyworks Solutions during the second quarter valued at $32,000. Finally, Parkside Financial Bank & Trust grew its holdings in Skyworks Solutions by 98.6% during the second quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 217 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 4,945 shares of Skyworks Solutions stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $62.28, for a total value of $307,974.60. Following the sale, the senior vice president directly owned 19,824 shares of the company’s stock, valued at approximately $1,234,638.72. The trade was a 19.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Reza Kasnavi sold 7,332 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $62.26, for a total value of $456,490.32. Following the completion of the sale, the executive vice president owned 26,087 shares in the company, valued at $1,624,176.62. This represents a 21.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.28% of the company’s stock.

Skyworks Solutions Trading Up 1.2%

Shares of SWKS opened at $62.31 on Wednesday. The firm has a market cap of $9.37 billion, a P/E ratio of 23.97 and a beta of 1.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.80. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $90.90. The company has a 50 day simple moving average of $62.43 and a two-hundred day simple moving average of $69.21.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 EPS for the quarter, topping the consensus estimate of $1.40 by $0.14. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $999.02 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. On average, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, February 24th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, February 24th. Skyworks Solutions’s dividend payout ratio is 109.23%.

Analysts Set New Price Targets

Several research analysts have recently commented on SWKS shares. Piper Sandler raised Skyworks Solutions from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $140.00 in a research note on Wednesday, October 29th. Royal Bank Of Canada initiated coverage on shares of Skyworks Solutions in a report on Wednesday, January 14th. They issued a “sector perform” rating and a $65.00 target price for the company. Mizuho decreased their target price on shares of Skyworks Solutions from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $65.00 price target (down previously from $72.00) on shares of Skyworks Solutions in a report on Wednesday, February 4th. Finally, B. Riley Financial dropped their price target on shares of Skyworks Solutions from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $70.50.

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.