Canada Pension Plan Investment Board Has $4.41 Million Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• The Canada Pension Plan Investment Board reduced its holdings in Skyworks Solutions by 42.9%, selling 51,300 shares, and now owns 68,200 shares valued at $4.4 million according to its latest SEC filing.
• Several hedge funds, including Pzena Investment Management and Invesco Ltd., increased their stakes in Skyworks Solutions, indicating strong institutional interest in the company.
• Skyworks Solutions announced a quarterly dividend increase to $0.71 per share, resulting in an annualized payout of $2.84 and a dividend yield of 3.9%.

Canada Pension Plan Investment Board cut its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 42.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,200 shares of the semiconductor manufacturer's stock after selling 51,300 shares during the period. Canada Pension Plan Investment Board's holdings in Skyworks Solutions were worth $4,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Horizon Investments LLC boosted its holdings 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 worth $349,000 after buying an additional 146 shares during the period. Keeley Teton Advisors LLC boosted its holdings 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 buying an additional 178 shares during the period. Ridgewood Investments LLC boosted its holdings in Skyworks Solutions by 27.9% in the 1st quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock valued at $56,000 after purchasing an additional 188 shares during the period. Inspire Advisors LLC boosted its holdings in Skyworks Solutions by 1.3% in the 1st quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock valued at $952,000 after purchasing an additional 194 shares during the period. Finally, Albert D Mason Inc. boosted its holdings in Skyworks Solutions by 1.8% in the 1st quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock valued at $791,000 after purchasing an additional 215 shares during the period. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

SWKS stock traded up $0.56 during trading on Friday, reaching $75.20. 2,138,425 shares of the company were exchanged, compared to its average volume of 2,079,819. The company has a 50-day moving average of $73.63 and a two-hundred day moving average of $69.07. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 1.68 and a beta of 1.17. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $103.06. 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 released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be given a $0.71 dividend. This is an increase 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 yield of 3.8%. Skyworks Solutions's dividend payout ratio is currently 113.60%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SWKS shares. UBS Group boosted their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Susquehanna upped their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Citigroup upped their price target on shares of Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Mizuho upped their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group started coverage on shares of Skyworks Solutions in a report on Thursday, July 10th. They set a "sell" rating and a $70.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently 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.