Adage Capital Partners GP L.L.C. Buys 110,500 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Adage Capital Partners GP L.L.C. significantly increased its holdings in Skyworks Solutions by 304.8%, acquiring an additional 110,500 shares, bringing its total ownership to approximately 146,750 shares valued at about $9.48 million.
• Skyworks Solutions reported an earnings per share (EPS) of $1.33 for the last quarter, surpassing analyst expectations of $1.24, with revenues of $965 million compared to estimates of $940 million.
• The company announced an increase in its quarterly dividend from $0.70 to $0.71, reflecting a payout ratio of 113.60%, with a dividend yield of 3.8% based on the annualized figure.

Adage Capital Partners GP L.L.C. boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 304.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,750 shares of the semiconductor manufacturer's stock after acquiring an additional 110,500 shares during the period. Adage Capital Partners GP L.L.C. owned 0.10% of Skyworks Solutions worth $9,484,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SWKS. Baird Financial Group Inc. boosted its holdings in Skyworks Solutions by 3.9% in the fourth quarter. Baird Financial Group Inc. now owns 49,220 shares of the semiconductor manufacturer's stock valued at $4,365,000 after acquiring an additional 1,854 shares in the last quarter. Deutsche Bank AG boosted its holdings in Skyworks Solutions by 51.6% in the fourth quarter. Deutsche Bank AG now owns 758,154 shares of the semiconductor manufacturer's stock valued at $67,233,000 after acquiring an additional 257,967 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at $458,000. Gotham Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 24.4% during the 4th quarter. Gotham Asset Management LLC now owns 244,522 shares of the semiconductor manufacturer's stock valued at $21,684,000 after buying an additional 47,953 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Skyworks Solutions by 10.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 8,230 shares of the semiconductor manufacturer's stock valued at $730,000 after buying an additional 766 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Arete Research upgraded shares of Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday. Susquehanna lifted their price target on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of "Reduce" and an average price target of $72.87.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded down $0.22 during trading hours on Friday, reaching $74.46. 2,140,364 shares of the stock traded hands, compared to its average volume of 2,111,663. The company has a 50 day moving average price of $73.44 and a 200 day moving average price of $69.33. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 1.67 and a beta of 1.17. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $103.06. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.71 per share. The ex-dividend date is Tuesday, August 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's dividend payout ratio is presently 113.60%.

Skyworks Solutions Company 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.