BTS Asset Management Inc. Buys New Shares in Skyworks Solutions, Inc. $SWKS

Key Points

• BTS Asset Management Inc. has acquired a new stake in Skyworks Solutions, Inc., purchasing 4,173 shares valued at approximately $311,000.
• Skyworks Solutions reported earnings of $1.33 per share for the last quarter, exceeding analysts' expectations of $1.24, alongside a revenue increase of 6.6% compared to the previous year.
• The company recently announced a dividend increase, raising its quarterly dividend to $0.71, which translates to an annual yield of 3.7% and a payout ratio of 113.60%.

BTS Asset Management Inc. bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,173 shares of the semiconductor manufacturer's stock, valued at approximately $311,000. Skyworks Solutions makes up about 0.4% of BTS Asset Management Inc.'s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWKS. GAMMA Investing LLC grew its position in shares of Skyworks Solutions by 20.9% in the 1st quarter. GAMMA Investing LLC now owns 3,947 shares of the semiconductor manufacturer's stock valued at $255,000 after acquiring an additional 682 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Skyworks Solutions by 30.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,790 shares of the semiconductor manufacturer's stock valued at $1,861,000 after acquiring an additional 6,713 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Skyworks Solutions in the 1st quarter valued at about $302,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Skyworks Solutions by 6.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,420 shares of the semiconductor manufacturer's stock valued at $867,000 after acquiring an additional 829 shares during the period. Finally, Brown Lisle Cummings Inc. grew its position in shares of Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock valued at $50,000 after acquiring an additional 631 shares during the period. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $76.40 on Wednesday. Skyworks Solutions, Inc. has a 52-week low of $47.93 and a 52-week high of $98.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The firm has a 50-day moving average of $75.64 and a 200-day moving average of $71.15. The stock has a market cap of $11.34 billion, a PE ratio of 30.56 and a beta of 1.20.

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

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th were issued a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $2.84 dividend on an annualized basis and a yield of 3.7%. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's payout ratio is presently 113.60%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SWKS. UBS Group lifted their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Cfra Research upgraded shares of Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group initiated coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They set a "sell" rating and a $70.00 target price for the company. Weiss Ratings restated a "hold (c-)" rating on shares of Skyworks Solutions in a research note on Wednesday, October 8th. Finally, Arete Research upgraded shares of Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $70.87.

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.

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