Azzad Asset Management Inc. ADV Purchases 31,056 Shares of Skyworks Solutions, Inc. $SWKS

Azzad Asset Management Inc. ADV raised its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 64.8% in the first quarter, Holdings Channel reports. The institutional investor owned 79,013 shares of the semiconductor manufacturer’s stock after acquiring an additional 31,056 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Skyworks Solutions were worth $4,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Services Automobile Association bought a new position in shares of Skyworks Solutions during the 1st quarter valued at approximately $236,000. Focus Partners Wealth lifted its position in shares of Skyworks Solutions by 99.0% during the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 4,702 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Skyworks Solutions by 137.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock valued at $171,000 after buying an additional 1,330 shares during the period. Gamco Investors INC. ET AL bought a new position in Skyworks Solutions in the second quarter worth approximately $259,000. Finally, Gabelli Funds LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth $1,004,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $59.95 on Friday. The company has a market cap of $9.02 billion, a P/E ratio of 24.88 and a beta of 1.50. The company’s 50-day moving average price is $71.18 and its 200-day moving average price is $63.18. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09.

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

Skyworks Solutions Dividend Announcement

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

Analyst Ratings Changes

SWKS has been the topic of several research reports. B. Riley Financial lifted their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of Skyworks Solutions from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 23rd. Mizuho reiterated an “underperform” rating and issued a $46.00 price target (down from $60.00) on shares of Skyworks Solutions in a report on Monday, April 20th. Craig Hallum lifted their price objective on Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $77.47.

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.