California Public Employees Retirement System Cuts Position in Skyworks Solutions, Inc. $SWKS

California Public Employees Retirement System decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 59.3% during the first quarter, HoldingsChannel.com reports. The fund owned 282,396 shares of the semiconductor manufacturer’s stock after selling 411,331 shares during the quarter. California Public Employees Retirement System’s holdings in Skyworks Solutions were worth $15,122,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SWKS. Parallel Advisors LLC grew its holdings in shares of Skyworks Solutions by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after purchasing an additional 163 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in Skyworks Solutions by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 200 shares in the last quarter. International Private Wealth Advisors LLC raised its stake in Skyworks Solutions by 5.9% during the fourth quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 208 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Skyworks Solutions by 2.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 213 shares in the last quarter. Finally, Unison Advisors LLC lifted its position in Skyworks Solutions by 1.2% during the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock valued at $986,000 after purchasing an additional 219 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SWKS shares. Mizuho reissued an “underperform” rating and issued a $46.00 price objective (down from $60.00) on shares of Skyworks Solutions in a research note on Monday, April 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Skyworks Solutions in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their price target on shares of Skyworks Solutions from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Tuesday, June 23rd. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley boosted their price objective on Skyworks Solutions from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $77.47.

Skyworks Solutions Stock Down 4.3%

Shares of NASDAQ:SWKS opened at $60.47 on Friday. The firm has a market capitalization of $9.10 billion, a PE ratio of 25.09 and a beta of 1.50. The business has a 50 day simple moving average of $69.63 and a two-hundred day simple moving average of $62.85. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The firm had revenue of $943.70 million for the quarter, compared to the consensus estimate of $901.76 million. During the same period in the prior year, the business posted $1.24 earnings per share. The company’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. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were paid a $0.71 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.7%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 117.84%.

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.