Caisse DE Depot ET Placement DU Quebec Purchases 238,723 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Skyworks Solutions, Inc. by 176.4% during the first quarter, acquiring an additional 238,723 shares, bringing its total to 374,069 shares valued at approximately $24.2 million.
• Skyworks Solutions reported earnings of $1.33 per share, exceeding analysts' estimated $1.24, and achieved revenue of $965 million for the quarter, which was above the anticipated $940 million.
• The company has announced an increase in its quarterly dividend from $0.70 to $0.71, with an upcoming payment scheduled for September 16th, reflecting a yield of 3.8%.

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 176.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 374,069 shares of the semiconductor manufacturer's stock after buying an additional 238,723 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.25% of Skyworks Solutions worth $24,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. Pzena Investment Management LLC raised its holdings in Skyworks Solutions by 37.9% during 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 buying an additional 2,132,847 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Skyworks Solutions by 31.0% during the 1st quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock valued at $267,675,000 after purchasing an additional 979,962 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Skyworks Solutions by 1,844.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock valued at $28,937,000 after purchasing an additional 424,698 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Skyworks Solutions by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock valued at $355,922,000 after purchasing an additional 408,577 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Skyworks Solutions by 2.0% during 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 in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Down 1.4%

NASDAQ:SWKS opened at $75.67 on Wednesday. The company's 50 day moving average price is $73.37 and its 200-day moving average price is $68.60. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $110.76. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 1.72 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. The business 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 firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, equities research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm 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 $0.71 dividend. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $2.84 annualized dividend and a yield of 3.8%. Skyworks Solutions's payout ratio is currently 113.60%.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of research reports. Susquehanna lifted their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup lifted their target price on shares of Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Stifel Nicolaus lifted their target price on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Cfra Research raised shares of Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $72.87.

About Skyworks Solutions

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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