ING Groep NV Buys New Position in Skyworks Solutions, Inc. $SWKS

ING Groep NV bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 66,215 shares of the semiconductor manufacturer’s stock, valued at approximately $4,199,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Research Global Investors bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $102,279,000. Pinebridge Investments LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $1,301,000. WINTON GROUP Ltd acquired a new position in Skyworks Solutions during the 4th quarter worth approximately $364,000. Vise Technologies Inc. raised its stake in Skyworks Solutions by 10.0% during the 4th quarter. Vise Technologies Inc. now owns 3,853 shares of the semiconductor manufacturer’s stock worth $244,000 after buying an additional 349 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Skyworks Solutions by 66.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 31,024 shares of the semiconductor manufacturer’s stock worth $1,967,000 after buying an additional 12,386 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $75.37 on Tuesday. The company has a market cap of $11.34 billion, a PE ratio of 31.27 and a beta of 1.50. Skyworks Solutions, Inc. has a 52 week low of $51.93 and a 52 week high of $90.90. The business has a 50 day moving average price of $66.08 and a 200-day moving average price of $62.76. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09.

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. The firm 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 company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Equities analysts anticipate that Skyworks Solutions, Inc. will post 3.61 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, June 16th. Stockholders of record on Tuesday, May 26th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.84 annualized dividend and a dividend yield of 3.8%. Skyworks Solutions’s dividend payout ratio is 117.84%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and upped their price target 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 research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. Citigroup upped their price target on Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus upped their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.61.

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.