DnB Asset Management AS Has $54.41 Million Stock Holdings in Skyworks Solutions, Inc. $SWKS

Key Points

• DnB Asset Management AS has reduced its stake in Skyworks Solutions, Inc. by 1.4%, now holding approximately 841,856 shares valued at around $54.4 million.
• Skyworks Solutions recently announced a dividend increase to $0.71 per share, representing a yield of 3.9% and a payout ratio of 113.60%.
• The company reported earnings of $1.33 per share, exceeding analyst expectations, with revenue for the quarter reaching $965 million, marking a 6.6% increase year-over-year.

DnB Asset Management AS cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 841,856 shares of the semiconductor manufacturer's stock after selling 12,378 shares during the quarter. DnB Asset Management AS owned about 0.56% of Skyworks Solutions worth $54,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of 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 worth $501,716,000 after buying an additional 2,132,847 shares during the period. Invesco Ltd. raised its holdings in Skyworks Solutions by 31.0% during the 1st quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after buying an additional 979,962 shares during the period. AQR Capital Management LLC raised its holdings in Skyworks Solutions by 89.3% during the 1st quarter. AQR Capital Management LLC now owns 1,197,742 shares of the semiconductor manufacturer's stock worth $76,416,000 after buying an additional 565,065 shares during the period. Assenagon Asset Management S.A. grew its position in 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 worth $28,937,000 after purchasing an additional 424,698 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in 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 worth $355,922,000 after purchasing an additional 408,577 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWKS has been the topic of several research analyst reports. UBS Group lifted their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Mizuho lifted their price objective on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Susquehanna lifted their price objective on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Citigroup upped their target price on Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. One 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 stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $72.87.

Skyworks Solutions Stock Up 0.8%

NASDAQ:SWKS traded up $0.56 during mid-day trading on Friday, reaching $75.20. The stock had a trading volume of 2,138,425 shares, compared to its average volume of 2,079,819. The business's 50 day moving average is $73.63 and its 200 day moving average is $69.07. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $103.06. The stock has a market cap of $11.16 billion, a P/E ratio of 30.08, a PEG ratio of 1.68 and a beta of 1.17. 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 issued 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 firm 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%. Skyworks Solutions's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. 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 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 issued a $0.71 dividend. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's dividend payout ratio is currently 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.