Principal Financial Group Inc. Has $10.51 Million Position in Skyworks Solutions, Inc. $SWKS

Principal Financial Group Inc. increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 11.1% during the 1st quarter, HoldingsChannel reports. The firm owned 196,181 shares of the semiconductor manufacturer’s stock after purchasing an additional 19,605 shares during the period. Principal Financial Group Inc.’s holdings in Skyworks Solutions were worth $10,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Chicago Partners Investment Group LLC raised its holdings in Skyworks Solutions by 47.3% during the 1st quarter. Chicago Partners Investment Group LLC now owns 9,062 shares of the semiconductor manufacturer’s stock worth $485,000 after buying an additional 2,912 shares during the period. Global Assets Advisory LLC bought a new position in Skyworks Solutions in the first quarter valued at approximately $45,000. 180 Wealth Advisors LLC boosted its holdings in shares of Skyworks Solutions by 9.5% in the first quarter. 180 Wealth Advisors LLC now owns 8,580 shares of the semiconductor manufacturer’s stock valued at $459,000 after buying an additional 741 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Skyworks Solutions by 1.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,029 shares of the semiconductor manufacturer’s stock valued at $1,876,000 after buying an additional 445 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Skyworks Solutions by 168.0% during the first quarter. Fifth Third Bancorp now owns 84,597 shares of the semiconductor manufacturer’s stock worth $4,530,000 after acquiring an additional 53,033 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research analyst reports. TD Cowen raised their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Barclays raised shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a report on Wednesday, May 6th. B. Riley Financial lifted their price target on Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus boosted their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.47.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $60.21 on Friday. 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, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The company has a market capitalization of $9.06 billion, a PE ratio of 24.98 and a beta of 1.50. The firm’s 50 day moving average is $69.46 and its 200-day moving average is $62.83.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $901.76 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The firm’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. Equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.62 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

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

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.