APG Asset Management N.V. Buys 6,045 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• APG Asset Management N.V. increased its stake in Skyworks Solutions by 5.5%, owning a total of 115,547 shares worth approximately $6.91 million after acquiring an additional 6,045 shares.
• Skyworks Solutions reported Q2 earnings of $1.33 per share, exceeding expectations, and had revenues of $965 million, up 6.6% year-over-year.
• The company announced an increase in its quarterly dividend from $0.70 to $0.71, representing an annualized yield of 3.7%, with the next payout scheduled for September 16.

APG Asset Management N.V. raised its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,547 shares of the semiconductor manufacturer's stock after acquiring an additional 6,045 shares during the quarter. APG Asset Management N.V. owned about 0.08% of Skyworks Solutions worth $6,913,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Skyworks Solutions by 2.0% during the first quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after purchasing an additional 397,638 shares during the period. Pzena Investment Management LLC increased 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 purchasing an additional 2,132,847 shares during the period. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 408,577 shares during the period. Invesco Ltd. increased 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 purchasing an additional 979,962 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Skyworks Solutions by 7.8% during the first quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer's stock worth $160,729,000 after purchasing an additional 179,663 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $76.76 on Tuesday. 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 firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.73 and a beta of 1.13. The firm's 50 day simple moving average is $73.29 and its 200 day simple moving average is $68.55. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $110.76.

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

Skyworks Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be given a $0.71 dividend. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's dividend payout ratio (DPR) is 112.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Arete Research raised shares of Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. Citigroup raised their target price on shares of Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, Mizuho raised their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $72.87.

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.

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.