FORA Capital LLC Trims Holdings in Skyworks Solutions, Inc. $SWKS

Key Points

• FORA Capital LLC has reduced its holdings in Skyworks Solutions by 43.4%, selling 7,846 shares, and now owns 10,221 shares valued at approximately $661,000.
• Skyworks Solutions reported earnings of $1.33 per share for the latest quarter, surpassing analysts' expectations and showing a 6.6% increase in revenue year-over-year.
• The company has announced a quarterly dividend increase to $0.71 per share, reflecting a yield of 3.7% and a payout ratio of 113.60%.

FORA Capital LLC decreased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 43.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,221 shares of the semiconductor manufacturer's stock after selling 7,846 shares during the period. FORA Capital LLC's holdings in Skyworks Solutions were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mattson Financial Services LLC purchased a new stake in Skyworks Solutions in the fourth quarter worth $37,000. MassMutual Private Wealth & Trust FSB increased its stake in Skyworks Solutions by 60.1% in the first 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 period. Brown Lisle Cummings Inc. increased its stake in Skyworks Solutions by 450.7% in the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after purchasing an additional 631 shares during the period. Costello Asset Management INC increased its stake in Skyworks Solutions by 61.1% in the first quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after purchasing an additional 300 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in Skyworks Solutions in the fourth quarter worth $71,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $76.20 on Thursday. Skyworks Solutions, Inc. has a 1-year low of $47.93 and a 1-year high of $110.76. The stock's 50-day moving average is $73.47 and its 200 day moving average is $68.65. The company has a market cap of $11.31 billion, a P/E ratio of 30.48, a PEG ratio of 1.70 and a beta of 1.13. 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 for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. During the same quarter last year, the company earned $1.21 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Research analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors 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 an increase from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 3.7%. Skyworks Solutions's dividend payout ratio is 113.60%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SWKS. Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. UBS Group raised their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, Susquehanna raised their price target on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of "Reduce" and an average target price of $72.87.

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.

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