Jackson Creek Investment Advisors LLC Acquires Shares of 21,888 Skyworks Solutions, Inc. $SWKS

Key Points

• Jackson Creek Investment Advisors initiated a new stake in Skyworks Solutions in the fourth quarter, buying 21,888 shares valued at about $1.39 million.
• Skyworks reported better-than-expected quarterly results, with EPS of $1.15 versus $1.04 expected and revenue of $943.7 million versus $901.76 million expected, though revenue was still down 1% year over year.
• The company also announced a quarterly dividend of $0.71 per share, implying a 3.6% annualized yield, while analysts currently have a consensus rating of “Hold” with a target price of $76.61.

Jackson Creek Investment Advisors LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,888 shares of the semiconductor manufacturer's stock, valued at approximately $1,388,000.

Other hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC grew its position in shares of Skyworks Solutions by 7.8% during the 3rd quarter. AE Wealth Management LLC now owns 193,525 shares of the semiconductor manufacturer's stock worth $14,898,000 after buying an additional 14,007 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Skyworks Solutions by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,163,728 shares of the semiconductor manufacturer's stock worth $89,584,000 after buying an additional 29,444 shares in the last quarter. AlphaQuest LLC grew its position in shares of Skyworks Solutions by 662.4% during the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer's stock worth $3,383,000 after buying an additional 46,357 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Skyworks Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer's stock worth $1,338,198,000 after buying an additional 389,168 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Skyworks Solutions by 13.9% during the 3rd quarter. LSV Asset Management now owns 1,909,536 shares of the semiconductor manufacturer's stock worth $146,996,000 after buying an additional 233,066 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $78.68 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The company has a market cap of $11.83 billion, a PE ratio of 32.65 and a beta of 1.48. The business has a 50-day simple moving average of $62.38 and a two-hundred day simple moving average of $62.16. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) 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. The business had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The company's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, equities analysts expect that Skyworks Solutions, Inc. will post 3.61 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.6%. Skyworks Solutions's payout ratio is 117.84%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SWKS. Morgan Stanley lifted their target price on Skyworks Solutions from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. Citigroup raised their price target on shares of Skyworks Solutions from $63.00 to $77.00 and gave the company a "neutral" rating in a report on Wednesday, May 6th. TD Cowen raised their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, May 6th. Stifel Nicolaus raised their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, May 6th. Finally, KeyCorp raised their price target on shares of Skyworks Solutions from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $76.61.

About Skyworks Solutions

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.

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