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Stocks•11 May 2026•

1 min read

Nicholas Company Rebalances Portfolio: Slashes SWKS Stake, Boosts MDT Investment

Key Facts

1Nicholas Company Inc. reduced its stake in Skyworks Solutions by 79.8% during the fourth quarter.

2Nicholas Company Inc. increased its holdings in Medtronic PLC by 38.6%, bringing the total value to $6.8 million.

3Skyworks Solutions reported quarterly EPS of $1.15, exceeding market expectations.

Nicholas Company Inc. executed a strategic portfolio rebalancing during the fourth quarter, slashing its position in Skyworks Solutions (SWKS) by 79.8%. Conversely, the firm increased its stake in Medtronic PLC (MDT) by 38.6%, bringing its total investment value to $6.8 million. These moves occurred despite Skyworks Solutions reporting a quarterly earnings beat with an EPS of $1.15.

This institutional shift reflects diverging sentiment between the semiconductor and healthcare sectors; while confidence in SWKS waned, Medtronic maintained a "Moderate Buy" rating and a positive outlook. Per market data, institutional flows in the healthcare space have remained resilient as firms seek stable cash flows, justifying Nicholas Co.'s decision to double down on MDT following its recent performance updates.

Investors are now monitoring price levels following these adjustments, with SWKS closing at $104.20 and MDT at $82.15 (close May 12, 2026). Looking ahead, the U.S. Initial Jobless Claims scheduled for May 7 will be a key catalyst to watch, as labor market data often dictates broader risk appetite for both tech and value-oriented healthcare stocks.