Earnest Partners LLC Has $72.34 Million Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Earnest Partners reduced its stake in Skyworks to 939,765 shares (a 2.1% cut), leaving a position worth about $72.34 million after selling 19,939 shares in Q3.
• Multiple analysts have trimmed price targets and ratings recently, leaving Skyworks with a consensus rating of "Hold" and an average price target of $70.50.
• Skyworks declared a quarterly dividend of $0.71 (annualized $2.84), implying a 5.2% yield but a payout ratio above 100% at 109.23%, which may concern dividend sustainability.

Earnest Partners LLC lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 939,765 shares of the semiconductor manufacturer's stock after selling 19,939 shares during the quarter. Earnest Partners LLC owned about 0.63% of Skyworks Solutions worth $72,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Consulate Inc. acquired a new position in Skyworks Solutions during the third quarter worth $29,000. Clearstead Trust LLC lifted its position in shares of Skyworks Solutions by 200.0% in the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 274 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $32,000. MUFG Securities EMEA plc acquired a new position in shares of Skyworks Solutions during the 2nd quarter valued at about $33,000. Finally, Root Financial Partners LLC acquired a new stake in Skyworks Solutions in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Analysts Set New Price Targets

SWKS has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Skyworks Solutions from $63.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $74.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Wall Street Zen downgraded Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. KeyCorp dropped their price objective on Skyworks Solutions from $105.00 to $75.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 4th. Finally, Citigroup cut their price objective on Skyworks Solutions from $80.00 to $63.00 and set a "neutral" rating for the company in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $70.50.

Skyworks Solutions Stock Down 0.8%

NASDAQ SWKS opened at $54.74 on Monday. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $90.90. The stock has a market cap of $8.23 billion, a PE ratio of 21.05 and a beta of 1.30. The firm has a 50-day simple moving average of $59.08 and a 200 day simple moving average of $67.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.40.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $999.02 million. During the same period in the previous year, the company posted $1.60 earnings per share. The company's quarterly revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. On average, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $0.71 per share. The ex-dividend date is Tuesday, February 24th. This represents a $2.84 dividend on an annualized basis and a yield of 5.2%. Skyworks Solutions's payout ratio is currently 109.23%.

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company's portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

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