Comerica Bank Sells 7,536 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Comerica Bank reduced its stake in Skyworks Solutions, Inc. by 26.0%, selling 7,536 shares during the first quarter, leaving it with 21,442 shares valued at $1,386,000.
• Skyworks Solutions has seen varied analyst ratings with one firm upgrading their target price to $75.00, while others have issued sell ratings and target prices below that, indicating mixed market sentiment.
• The company recently announced a dividend increase to $0.71 per share, reflecting a payout ratio of 113.60%, demonstrating strong cash flow and commitment to returning value to shareholders.

Comerica Bank reduced its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 26.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,442 shares of the semiconductor manufacturer's stock after selling 7,536 shares during the period. Comerica Bank's holdings in Skyworks Solutions were worth $1,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mattson Financial Services LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter worth about $37,000. MassMutual Private Wealth & Trust FSB grew its position in Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in Skyworks Solutions by 450.7% during 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. Costello Asset Management INC increased its holdings in Skyworks Solutions by 61.1% in the 1st quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after acquiring an additional 300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Skyworks Solutions in the 1st quarter worth $52,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Mizuho increased their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Susquehanna increased their price target on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Arete Research raised Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of "Reduce" and an average target price of $72.87.

Skyworks Solutions Price Performance

SWKS stock traded up $0.56 during trading hours on Friday, hitting $75.20. 2,138,425 shares of the stock traded hands, compared to its average volume of 2,079,819. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $103.06. The company has a market cap of $11.16 billion, a P/E ratio of 30.08, a P/E/G ratio of 1.68 and a beta of 1.17. The stock has a 50-day simple moving average of $73.63 and a 200 day simple moving average of $69.07.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates 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%.The firm's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current 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 paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.8%. 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. Skyworks Solutions's payout ratio is 113.60%.

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.