Glenview Trust co Has $1.75 Million Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Glenview Trust Co. reduced its stake in Skyworks Solutions by 23.6%, owning 27,051 shares worth approximately $1.75 million after selling 8,350 shares in the first quarter.
• Skyworks Solutions reported $1.33 EPS for the last quarter, exceeding estimates, and set Q4 guidance at $1.40 EPS, with a year-over-year revenue increase of 6.6%.
• The company announced an increase in its quarterly dividend to $0.71 per share, reflecting a payout ratio of 113.60% and an annualized yield of 3.9%.

Glenview Trust co lessened its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 23.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,051 shares of the semiconductor manufacturer's stock after selling 8,350 shares during the period. Glenview Trust co's holdings in Skyworks Solutions were worth $1,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mattson Financial Services LLC acquired a new position in Skyworks Solutions in the 4th quarter worth about $37,000. MassMutual Private Wealth & Trust FSB increased its holdings in Skyworks Solutions by 60.1% in 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 in the last quarter. Brown Lisle Cummings Inc. increased its holdings in Skyworks Solutions by 450.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after purchasing an additional 631 shares in the last quarter. 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 purchasing an additional 300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Skyworks Solutions in the 1st quarter worth about $52,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Arete Research raised Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. Citigroup increased their price target on Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Mizuho increased their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Wall Street Zen cut Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Reduce" and a consensus price target of $72.87.

Skyworks Solutions Trading Down 1.9%

NASDAQ SWKS opened at $73.60 on Thursday. The business has a 50 day simple moving average of $73.52 and a 200 day simple moving average of $69.22. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $103.06. The stock has a market capitalization of $10.92 billion, a P/E ratio of 29.44, a P/E/G 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 released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. During the same quarter last year, the firm posted $1.21 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.71 per share. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a yield of 3.9%. 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.

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