Skyworks Solutions, Inc. $SWKS Shares Sold by Earnest Partners LLC

Key Points

• Earnest Partners LLC has reduced its stake in Skyworks Solutions, Inc. by 2.0%, now owning approximately 639,554 shares valued at $41.3 million.
• Skyworks Solutions recently announced a quarterly dividend increase to $0.71 per share, representing a yield of 3.7%, with the ex-dividend date set for August 26th.
• The company beat analysts' EPS estimates in its latest quarterly earnings, reporting $1.33 compared to a consensus of $1.24, along with a revenue increase to $965 million.

Earnest Partners LLC decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,554 shares of the semiconductor manufacturer's stock after selling 13,163 shares during the period. Earnest Partners LLC owned approximately 0.43% of Skyworks Solutions worth $41,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWKS. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 37.9% in the 1st quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock valued at $501,716,000 after purchasing an additional 2,132,847 shares in the last quarter. Invesco Ltd. lifted its holdings in Skyworks Solutions by 31.0% in the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock valued at $267,675,000 after acquiring an additional 979,962 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Skyworks Solutions by 1,844.2% in the first quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock valued at $28,937,000 after acquiring an additional 424,698 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Skyworks Solutions by 8.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock valued at $355,922,000 after acquiring an additional 408,577 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Skyworks Solutions by 2.0% during the first quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after purchasing an additional 397,638 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Trading Down 0.2%

Shares of NASDAQ SWKS traded down $0.16 during trading on Friday, hitting $74.94. 2,234,380 shares of the company traded hands, compared to its average volume of 2,588,446. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $110.76. The company has a 50-day moving average price of $73.59 and a 200-day moving average price of $68.81. The firm has a market capitalization of $11.12 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.68 and a beta of 1.13. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. The firm had revenue of $965.00 million during 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a dividend yield of 3.8%. Skyworks Solutions's dividend payout ratio is 113.60%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SWKS shares. Susquehanna increased their price objective on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus increased their target price on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a report on Wednesday, August 6th. Barclays raised their price objective on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of "Reduce" and a consensus price target of $72.87.

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.