JPMorgan Chase & Co. Acquires 29,444 Shares of Skyworks Solutions, Inc. $SWKS

JPMorgan Chase & Co. increased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,163,728 shares of the semiconductor manufacturer’s stock after acquiring an additional 29,444 shares during the period. JPMorgan Chase & Co.’s holdings in Skyworks Solutions were worth $89,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth about $1,167,000. Danske Bank A S acquired a new position in Skyworks Solutions during the third quarter valued at approximately $366,000. Advisory Services Network LLC grew its stake in Skyworks Solutions by 2.4% in the third quarter. Advisory Services Network LLC now owns 15,496 shares of the semiconductor manufacturer’s stock valued at $1,193,000 after purchasing an additional 361 shares in the last quarter. Morningstar Investment Management LLC acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $3,261,000. Finally, NewEdge Advisors LLC raised its stake in shares of Skyworks Solutions by 111.1% during the 3rd quarter. NewEdge Advisors LLC now owns 35,133 shares of the semiconductor manufacturer’s stock worth $2,705,000 after purchasing an additional 18,490 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 1.5%

Shares of NASDAQ:SWKS opened at $53.71 on Wednesday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $90.90. The business has a 50 day moving average of $58.62 and a 200-day moving average of $66.71. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 0.09. The stock has a market cap of $8.08 billion, a PE ratio of 20.66 and a beta of 1.30.

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

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, February 24th were paid a $0.71 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $2.84 annualized dividend and a dividend yield of 5.3%. Skyworks Solutions’s dividend payout ratio is 109.23%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SWKS shares. Stifel Nicolaus restated a “hold” rating and set a $65.00 target price (down from $72.00) on shares of Skyworks Solutions in a report on Wednesday, February 4th. Susquehanna lowered their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Wall Street Zen cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Zacks Research downgraded Skyworks Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, UBS Group dropped their price objective on Skyworks Solutions from $63.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $70.50.

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.