Skyworks Solutions Drops 5.1% as Semiconductor ETF’s Top Holdings Drive 147.8% Gain
SWKS•Skyworks Solutions stock fell 5.1% over the past year despite accounting for just 0.5% of the iShares Semiconductor ETF portfolio. This decline made it one of only two SOXX holdings to end the period in the red, trimming a portion of the fund’s 147.8% annual gain.
1. Skyworks Solutions’ Annual Performance
Over the past year Skyworks Solutions shares declined by 5.1% while representing only 0.5% of the iShares Semiconductor ETF, making it one of just two positions that lost value. This underperformance contrasts sharply with the broader sector rally and positions Skyworks as a relative laggard within the fund.
2. Impact on Semiconductor ETF
The 5.1% drop in Skyworks Solutions shaved a modest portion off the ETF’s total return, which nonetheless reached 147.8% over the year. Investors holding the fund experienced gains heavily weighted toward a handful of top performers rather than uniform gains across all 30 holdings.
3. Leading Contributors to ETF Gains
Micron Technology was the single largest driver, surging 800% and comprising 8.4% of the ETF, followed by Intel’s 470% return at a 6.1% weighting. Together with three other names, these five stocks generated roughly 65% of the fund’s combined annual gains.
4. Concentration and Risk Implications
The five largest holdings account for 35.7% of the ETF and the top ten make up 59.4%, highlighting concentration risk. Skyworks investors should be aware that overall fund performance is heavily skewed by a small group of high-flying stocks rather than broad semiconductor sector strength.
