Skyworks Solutions, Inc. $SWKS Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,756 shares of the semiconductor manufacturer’s stock after selling 13,130 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Skyworks Solutions were worth $3,414,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quest 10 Wealth Builders Inc. increased its holdings in shares of Skyworks Solutions by 488.6% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 342 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $32,000. MUFG Securities EMEA plc acquired a new position in Skyworks Solutions in the second quarter valued at approximately $33,000. Fideuram Asset Management Ireland dac purchased a new position in Skyworks Solutions in the fourth quarter worth approximately $29,000. Finally, Sound Income Strategies LLC grew its position in Skyworks Solutions by 137.1% in the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 281 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Analyst Ratings Changes

SWKS has been the subject of several recent analyst reports. Mizuho reissued an “underperform” rating and set a $46.00 target price (down from $60.00) on shares of Skyworks Solutions in a research note on Monday, April 20th. Craig Hallum increased their price target on Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Monday. Citigroup raised their price objective on Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley boosted their price objective on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One investment 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.47.

Skyworks Solutions Stock Up 2.0%

NASDAQ:SWKS opened at $64.68 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $69.21 and its two-hundred day moving average is $62.83. Skyworks Solutions, Inc. has a 52 week low of $51.93 and a 52 week high of $90.90. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 26.84 and a beta of 1.50.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The business had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. During the same period last year, the business posted $1.33 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts anticipate that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 117.84%.

Skyworks Solutions News Roundup

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Skyworks reported fiscal Q3 non-GAAP EPS of $1.08, beating the $1.03 consensus estimate, while revenue of approximately $935 million also exceeded expectations. However, EPS declined from $1.33 a year earlier and revenue fell roughly 3% year over year. Skyworks Solutions Q3 earnings and revenues beat estimates
• Positive Sentiment: Management issued fiscal Q4 EPS guidance of $1.27, above the $1.23 analyst consensus, and forecast revenue of $1.0 billion to $1.1 billion. The company also cited continued momentum in automotive and data-center markets. Skyworks fiscal third-quarter results and Qorvo combination update
• Positive Sentiment: Skyworks announced a new $2 billion share-repurchase authorization and a capital-allocation framework for the combined company, which could support shareholder returns. Skyworks capital allocation announcement
• Neutral Sentiment: Skyworks and Qorvo announced the expected executive leadership team for their pending combination, signaling preparation for integration. Regulatory approvals are still in progress, so completion and execution risks remain. Skyworks and Qorvo expected leadership team
• Negative Sentiment: The company expects to raise approximately $2 billion in acquisition debt financing. Investors may view the additional leverage and integration costs as risks, despite Skyworks’ currently low debt-to-equity ratio. Its declining year-over-year revenue and EPS also indicate that near-term operating growth remains uneven.

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.