Allstate Corp Acquires 3,672 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Allstate Corp increased its stake in Skyworks Solutions by 79.4% during the first quarter, owning 8,295 shares worth approximately $536,000.
• Skyworks Solutions recently reported an earnings per share (EPS) of $1.33, exceeding analysts' expectations of $1.24, with quarterly revenue up 6.6% year-over-year.
• The company announced a quarterly dividend of $0.71 per share, representing a boost from the previous $0.70, and a yield of 3.7%.

Allstate Corp grew its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 79.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,295 shares of the semiconductor manufacturer's stock after purchasing an additional 3,672 shares during the quarter. Allstate Corp's holdings in Skyworks Solutions were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Horizon Investments LLC raised its holdings in Skyworks Solutions by 2.8% in the 1st quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock worth $349,000 after acquiring an additional 146 shares during the period. Ridgewood Investments LLC lifted its holdings in Skyworks Solutions by 27.9% during the 1st quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock valued at $56,000 after purchasing an additional 188 shares during the last quarter. Inspire Advisors LLC lifted its holdings in Skyworks Solutions by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock valued at $952,000 after purchasing an additional 194 shares during the last quarter. Albert D Mason Inc. lifted its holdings in Skyworks Solutions by 1.8% during the 1st quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock valued at $791,000 after purchasing an additional 215 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock valued at $38,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SWKS. Arete Research raised shares of Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. Citigroup boosted their price objective on shares of Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Mizuho boosted their price objective on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. UBS Group boosted their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Susquehanna increased their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Reduce" and a consensus target price of $72.87.

Skyworks Solutions Price Performance

Skyworks Solutions stock traded down $1.10 during trading hours on Thursday, reaching $75.10. 1,869,029 shares of the stock were exchanged, compared to its average volume of 2,660,082. The company has a market cap of $11.15 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $110.76. The stock has a 50 day moving average of $73.54 and a two-hundred day moving average of $68.72.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The firm had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. During the same period in the prior year, the company posted $1.21 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS 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 issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's dividend payout ratio (DPR) is 113.60%.

About Skyworks Solutions

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.