Rhumbline Advisers Cuts Stake in Skyworks Solutions, Inc. $SWKS

Rhumbline Advisers lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,922 shares of the semiconductor manufacturer’s stock after selling 7,454 shares during the quarter. Rhumbline Advisers owned 0.27% of Skyworks Solutions worth $29,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Park Place Capital Corp raised its holdings in shares of Skyworks Solutions by 62.1% during the 2nd quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 141 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Skyworks Solutions in the second quarter valued at approximately $28,000. Clearstead Trust LLC grew its position in Skyworks Solutions by 200.0% in the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 274 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Skyworks Solutions by 98.6% during the second quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 217 shares during the period. Finally, CVA Family Office LLC lifted its position in shares of Skyworks Solutions by 424.1% during the second quarter. CVA Family Office LLC now owns 566 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SWKS shares. BNP Paribas Exane lifted their price target on shares of Skyworks Solutions from $71.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted their target price on Skyworks Solutions from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, October 29th. UBS Group lowered their price objective on Skyworks Solutions from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, Arete Research upgraded Skyworks Solutions to a “strong-buy” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $83.18.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 4,945 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total value of $307,974.60. Following the transaction, the senior vice president directly owned 19,824 shares in the company, valued at approximately $1,234,638.72. This trade represents a 19.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Reza Kasnavi sold 7,332 shares of Skyworks Solutions stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the completion of the transaction, the executive vice president directly owned 26,087 shares of the company’s stock, valued at $1,624,176.62. This trade represents a 21.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.28% of the company’s stock.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $65.34 on Thursday. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 26.14 and a beta of 1.21. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $95.46. The company’s 50-day simple moving average is $73.21 and its 200-day simple moving average is $73.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.23. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm had revenue of $1.10 billion for the quarter. During the same quarter in the previous year, the company earned $1.55 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. Equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, November 18th. Skyworks Solutions’s dividend payout ratio is currently 92.51%.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.