Glenview Trust co Sells 8,350 Shares of 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 trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,051 shares of the semiconductor manufacturer's stock after selling 8,350 shares during the quarter. Glenview Trust co's holdings in Skyworks Solutions were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SWKS. Focus Partners Wealth bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $458,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Skyworks Solutions by 10.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 8,230 shares of the semiconductor manufacturer's stock valued at $730,000 after purchasing an additional 766 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Skyworks Solutions by 7.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 180,039 shares of the semiconductor manufacturer's stock valued at $15,966,000 after purchasing an additional 12,416 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $210,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $1,722,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $0.73 during midday trading on Tuesday, hitting $73.60. 529,908 shares of the company were exchanged, compared to its average volume of 3,327,785. The firm has a market capitalization of $10.93 billion, a P/E ratio of 29.45, a PEG ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The firm's 50 day moving average price is $73.38 and its two-hundred day moving average price is $69.43. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $101.50.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced 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. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate 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 was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be given a $0.71 dividend. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, August 26th. This represents a $2.84 annualized dividend and a yield of 3.9%. Skyworks Solutions's dividend payout ratio is currently 113.60%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SWKS shares. Mizuho raised their price objective on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. UBS Group raised their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Cfra Research raised shares of Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. Susquehanna lifted their price target 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. Finally, Arete Research raised shares of Skyworks Solutions to a "strong-buy" rating in a research report on Thursday, August 14th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price 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.