Chevy Chase Trust Holdings LLC Sells 5,004 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Skyworks Solutions by 5.9%, selling 5,004 shares and holding approximately 0.05% of the company worth $5.9 million at the end of the most recent quarter.
• Skyworks Solutions recently reported earnings of $1.33 EPS for the quarter, surpassing the consensus estimate of $1.24, and had a revenue of $965 million, up by 6.6% year-over-year.
• The company increased its quarterly dividend from $0.70 to $0.71, which denotes an annualized dividend of $2.84 and a yield of 3.7%, despite a currently high payout ratio of 113.60%.

Chevy Chase Trust Holdings LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,298 shares of the semiconductor manufacturer's stock after selling 5,004 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Skyworks Solutions worth $5,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp increased its stake in Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 141 shares during the period. Horizon Investments LLC increased its stake in Skyworks Solutions by 2.8% during the first quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock valued at $349,000 after acquiring an additional 146 shares during the period. Keeley Teton Advisors LLC increased its stake in Skyworks Solutions by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer's stock valued at $1,096,000 after acquiring an additional 178 shares during the period. Ridgewood Investments LLC increased its stake in Skyworks Solutions by 27.9% during the first quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock valued at $56,000 after acquiring an additional 188 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in Skyworks Solutions by 1.3% during the first 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 in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Stock Up 1.1%

Shares of SWKS opened at $76.14 on Tuesday. The company has a market capitalization of $11.30 billion, a P/E ratio of 30.46 and a beta of 1.20. 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, Inc. has a one year low of $47.93 and a one year high of $98.34. The business's 50 day simple moving average is $75.55 and its 200-day simple moving average is $71.11.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.Skyworks Solutions's revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on SWKS shares. Loop Capital lifted their price objective on Skyworks Solutions from $70.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, October 16th. UBS Group lifted their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Skyworks Solutions in a report on Wednesday, October 8th. The Goldman Sachs Group started coverage on Skyworks Solutions in a report on Thursday, July 10th. They set a "sell" rating and a $70.00 price objective on the stock. Finally, Wall Street Zen raised Skyworks Solutions from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price 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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