Skyworks Solutions, Inc. $SWKS Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its holdings in Skyworks Solutions by 72.0%, resulting in a total ownership of 13,772 shares valued at approximately $890,000 after selling 35,448 shares in the 1st quarter.
• Significant institutional activity is noted, with Pzena Investment Management LLC increasing its stake by 37.9%, boosting its holdings to over $501 million.
• Skyworks Solutions announced a quarterly dividend increase to $0.71 per share, reflecting a positive trend in shareholder returns despite a high dividend payout ratio of 113.60%.

Baird Financial Group Inc. decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 72.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,772 shares of the semiconductor manufacturer's stock after selling 35,448 shares during the quarter. Baird Financial Group Inc.'s holdings in Skyworks Solutions were worth $890,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Deutsche Bank AG raised its stake in Skyworks Solutions by 51.6% during the 4th quarter. Deutsche Bank AG now owns 758,154 shares of the semiconductor manufacturer's stock valued at $67,233,000 after buying an additional 257,967 shares during the last quarter. Focus Partners Wealth purchased a new stake in Skyworks Solutions during the fourth quarter valued at $458,000. Jacobs Levy Equity Management Inc. lifted its holdings in Skyworks Solutions by 10.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 8,230 shares of the semiconductor manufacturer's stock valued at $730,000 after acquiring an additional 766 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Skyworks Solutions by 7.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 180,039 shares of the semiconductor manufacturer's stock worth $15,966,000 after purchasing an additional 12,416 shares during the last quarter. Finally, Mork Capital Management LLC purchased a new position in shares of Skyworks Solutions in the fourth quarter worth approximately $984,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on SWKS shares. Arete Research raised Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. UBS Group raised their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. The Goldman Sachs Group initiated coverage on shares of Skyworks Solutions in a research report on Thursday, July 10th. They issued a "sell" rating and a $70.00 price target on the stock. Citigroup upped their price objective on Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $72.87.

Skyworks Solutions Stock Down 0.3%

NASDAQ SWKS traded down $0.22 during midday trading on Friday, hitting $74.46. 2,140,364 shares of the company traded hands, 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's 50-day simple moving average is $73.44 and its 200-day simple moving average is $69.33. The company 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. 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 (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. During the same period in the prior year, the business posted $1.21 EPS. The firm's quarterly revenue was up 6.6% on a year-over-year basis. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.71 per share. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, August 26th. This represents a $2.84 annualized dividend and a dividend yield of 3.8%. Skyworks Solutions's dividend payout ratio (DPR) 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.