Baird Financial Group Inc. Sells 35,448 Shares of Skyworks Solutions, Inc. $SWKS

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. cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 72.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Horizon Investments LLC increased its position in shares of Skyworks Solutions by 2.8% during the 1st quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock valued at $349,000 after purchasing an additional 146 shares during the period. Keeley Teton Advisors LLC boosted its stake in shares of Skyworks Solutions by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer's stock worth $1,096,000 after acquiring an additional 178 shares in the last quarter. Ridgewood Investments LLC boosted its stake in shares of Skyworks Solutions by 27.9% during the 1st quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock worth $56,000 after acquiring an additional 188 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of Skyworks Solutions by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock worth $952,000 after acquiring an additional 194 shares in the last quarter. Finally, Albert D Mason Inc. boosted its stake in shares of Skyworks Solutions by 1.8% during the 1st quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock worth $791,000 after acquiring an additional 215 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Down 2.1%

Shares of NASDAQ:SWKS traded down $1.59 during midday trading on Monday, hitting $72.87. 2,660,039 shares of the stock were exchanged, compared to its average volume of 2,100,475. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $101.50. The business's fifty day simple moving average is $73.38 and its two-hundred day simple moving average is $69.43. The company has a market capitalization of $10.82 billion, a PE ratio of 29.15, a P/E/G ratio of 1.67 and a beta of 1.17.

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 the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $940.00 million. During the same period last year, the company earned $1.21 earnings per share. Skyworks Solutions's quarterly revenue was up 6.6% compared to the same quarter last year. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal 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 issued a dividend of $0.71 per share. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's dividend payout ratio is 113.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. Susquehanna raised their price objective on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup increased their target price on Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Wall Street Zen lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, September 8th. Finally, UBS Group increased their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, Skyworks Solutions currently has an average 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.