AQR Capital Management LLC Has $76.42 Million Stake in Skyworks Solutions, Inc. $SWKS

Key Points

• AQR Capital Management LLC has significantly increased its stake in Skyworks Solutions, Inc. (SWKS) by 89.3%, acquiring an additional 565,065 shares in the first quarter, amounting to a total of 1,197,742 shares valued at approximately $76.4 million.
• Multiple hedge funds have raised their positions in Skyworks Solutions, with overall institutional ownership reaching 85.43%, indicating strong interest in the semiconductor manufacturer.
• Skyworks Solutions recently announced a quarterly dividend increase from $0.70 to $0.71 per share, reflecting a commitment to returning value to shareholders amidst its positive earnings report, which exceeded analyst expectations.

AQR Capital Management LLC boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 89.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,197,742 shares of the semiconductor manufacturer's stock after purchasing an additional 565,065 shares during the quarter. AQR Capital Management LLC owned about 0.80% of Skyworks Solutions worth $76,416,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Pzena Investment Management LLC raised its holdings in Skyworks Solutions by 37.9% in the 1st quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock valued at $501,716,000 after acquiring an additional 2,132,847 shares during the period. Invesco Ltd. grew its stake in shares of Skyworks Solutions by 31.0% in the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock valued at $267,675,000 after acquiring an additional 979,962 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Skyworks Solutions by 1,844.2% during the first quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock worth $28,937,000 after acquiring an additional 424,698 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Skyworks Solutions by 8.0% in the 1st 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 in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Skyworks Solutions by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock valued at $1,340,393,000 after purchasing an additional 397,638 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

Shares of SWKS stock traded up $1.08 on Thursday, hitting $74.68. 3,423,829 shares of the company's stock were exchanged, compared to its average volume of 2,050,815. The company has a 50 day moving average of $73.48 and a 200 day moving average of $69.27. The stock has a market cap of $11.08 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $103.06.

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, equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given 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 yield of 3.8%. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's dividend payout ratio is currently 113.60%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wall Street Zen cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday. The Goldman Sachs Group assumed coverage on Skyworks Solutions in a research report on Thursday, July 10th. They set a "sell" rating and a $70.00 price target on the stock. Citigroup raised their price objective on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Mizuho upped their target price on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, Arete Research raised Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price 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.