Amundi Sells 437,385 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Amundi reduced its stake in Skyworks Solutions by 34.6% to 827,860 shares, after selling 437,385 shares during the first quarter, worth approximately $50.42 million.
• Skyworks Solutions reported an earnings per share of $1.33 for the last quarter, exceeding expectations, with a revenue increase of 6.6% year-over-year.
• The company announced a quarterly dividend increase to $0.71 per share, reflecting a 3.8% dividend yield and a payout ratio of 113.60%.

Amundi decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 34.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 827,860 shares of the semiconductor manufacturer's stock after selling 437,385 shares during the quarter. Amundi owned approximately 0.55% of Skyworks Solutions worth $50,420,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SWKS. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 2.0% in the first quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock valued at $1,340,393,000 after buying an additional 397,638 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 37.9% during the first quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock worth $501,716,000 after buying an additional 2,132,847 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Skyworks Solutions by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock worth $355,922,000 after buying an additional 408,577 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after buying an additional 979,962 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Skyworks Solutions by 7.8% in the first quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer's stock valued at $160,729,000 after purchasing an additional 179,663 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Skyworks Solutions stock traded down $0.22 during midday trading on Friday, reaching $74.46. The company's stock had a trading volume of 2,140,364 shares, compared to its average volume of 2,111,663. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $103.06. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $73.44 and a 200-day moving average price of $69.33. The stock has a market cap of $11.05 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its 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 firm had revenue of $965.00 million for the quarter, compared to analysts' expectations of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

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

Wall Street Analyst Weigh In

SWKS has been the subject of a number of analyst reports. Arete Research raised Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group initiated coverage on Skyworks Solutions in a research note on Thursday, July 10th. They issued a "sell" rating and a $70.00 price target for the company. Mizuho boosted their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Susquehanna boosted their price target on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $72.87.

Skyworks Solutions 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.