Resona Asset Management Co. Ltd. Has $131,000 Position in Skyworks Solutions, Inc. $SWKS

Resona Asset Management Co. Ltd. cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 96.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,747 shares of the semiconductor manufacturer’s stock after selling 47,120 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SWKS. Atlantic Union Bankshares Corp bought a new position in shares of Skyworks Solutions during the 2nd quarter worth about $28,000. First Horizon Advisors Inc. raised its stake in Skyworks Solutions by 6.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 338,031 shares of the semiconductor manufacturer’s stock worth $25,190,000 after buying an additional 20,132 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new position in Skyworks Solutions in the second quarter worth approximately $2,420,000. Bank of New York Mellon Corp boosted its holdings in Skyworks Solutions by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 1,619,940 shares of the semiconductor manufacturer’s stock worth $120,718,000 after acquiring an additional 55,655 shares in the last quarter. Finally, South Dakota Investment Council grew its stake in Skyworks Solutions by 7.6% in the second quarter. South Dakota Investment Council now owns 20,213 shares of the semiconductor manufacturer’s stock valued at $1,506,000 after acquiring an additional 1,425 shares during the period. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SWKS. Loop Capital lowered their target price on Skyworks Solutions from $83.00 to $75.00 in a research report on Wednesday, November 5th. Piper Sandler upgraded shares of Skyworks Solutions from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $140.00 in a report on Wednesday, October 29th. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and raised their price objective for the company from $66.00 to $105.00 in a research note on Wednesday, October 29th. Cfra Research raised shares of Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus set a $72.00 target price on shares of Skyworks Solutions in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.18.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $69.46 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80. The firm has a 50-day moving average of $75.35 and a 200-day moving average of $73.20. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $95.46. The company has a market cap of $10.31 billion, a P/E ratio of 27.78 and a beta of 1.21.

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

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, November 18th. Skyworks Solutions’s dividend payout ratio (DPR) is 92.51%.

Skyworks Solutions 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.