Skyworks (SWKS) surges 12.9% as investors focus on Qorvo merger paperwork and debt-exchange steps

Skyworks Solutions (SWKS) is up 12.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to renewed investor focus on Skyworks’ pending Qorvo transaction after a batch of merger-related filings and financing steps (including exchange offers for Qorvo notes) that help lay groundwork for the deal’s capital structure. Separately, Skyworks’ early-May earnings beat and a large Android design win have likely improved sentiment and made the stock more responsive to deal-progress headlines.

Details:

Skyworks announced exchange offers and consent solicitations for two series of Qorvo senior notes, a financing-related action connected to the planned merger.

Skyworks filed merger materials on Form S-4 and related communications/updates, including pro forma combined financial information and Qorvo financial statements as exhibits.

In its fiscal Q2 2026 results, Skyworks reported revenue of $944 million and non-GAAP diluted EPS of $1.15, above the high end of its own guidance range, and highlighted broad-markets strength.

The company also disclosed a multi-generational Android OEM design win expected to generate more than $1 billion in revenue through 2030, reinforcing the longer-term growth narrative.

Sources:

GlobeNewswire, U.S. SEC (EDGAR), Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SWKS Hedge Fund Activity

We have seen 341 institutional investors add shares of $SWKS stock to their portfolio, and 423 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PZENA INVESTMENT MANAGEMENT LLC added 3,481,658 shares (+27.6%) to their portfolio in Q1 2026, for an estimated $186,442,785
BLACKROCK, INC. added 1,961,415 shares (+10.1%) to their portfolio in Q1 2026, for an estimated $105,033,773
STATE STREET CORP added 1,837,658 shares (+27.8%) to their portfolio in Q1 2026, for an estimated $98,406,585
GEODE CAPITAL MANAGEMENT, LLC added 1,499,333 shares (+34.6%) to their portfolio in Q1 2026, for an estimated $80,289,282
TWO SIGMA INVESTMENTS, LP added 1,281,207 shares (+58.5%) to their portfolio in Q1 2026, for an estimated $68,608,634
CANADA PENSION PLAN INVESTMENT BOARD added 1,274,100 shares (+325.2%) to their portfolio in Q1 2026, for an estimated $68,228,055
COATUE MANAGEMENT LLC removed 1,272,952 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $80,717,886

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SWKS Congressional Stock Trading

Members of Congress have traded $SWKS stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $SWKS stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 01/09 and 1 sale worth up to $15,000 on 02/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$SWKS Price Targets

Multiple analysts have issued price targets for $SWKS recently. We have seen 12 analysts offer price targets for $SWKS in the last 6 months, with a median target of $71.0.

Here are some recent targets:

Timothy Arcuri from UBS set a target price of $75.0 on 05/06/2026
Atif Malik from Citigroup set a target price of $77.0 on 05/06/2026
Krish Sankar from TD Cowen set a target price of $75.0 on 05/06/2026
Peter Peng from JP Morgan set a target price of $70.0 on 05/06/2026
Ruben Roy from Stifel set a target price of $75.0 on 05/06/2026
Srini Pajjuri from RBC Capital set a target price of $72.0 on 05/06/2026
John Vinh from Keybanc set a target price of $85.0 on 05/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.