Gotham Asset Management LLC Acquires 213,141 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Gotham Asset Management LLC increased its stake in Skyworks Solutions by 87.2%, acquiring an additional 213,141 shares, bringing its total holdings to 457,663 shares, which is valued at approximately $29.58 million.
• Skyworks Solutions announced a quarterly dividend of $0.71 per share, up from the previous $0.70, representing an annualized yield of 3.8%.
• The company's latest earnings report exceeded expectations, with $1.33 EPS reported, surpassing the anticipated $1.24 EPS, on a revenue of $965 million.

Gotham Asset Management LLC raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 87.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 457,663 shares of the semiconductor manufacturer's stock after buying an additional 213,141 shares during the quarter. Skyworks Solutions comprises about 0.2% of Gotham Asset Management LLC's investment portfolio, making the stock its 25th biggest holding. Gotham Asset Management LLC owned about 0.30% of Skyworks Solutions worth $29,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Horizon Investments LLC raised its stake in Skyworks Solutions by 2.8% during the first quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock valued at $349,000 after buying an additional 146 shares during the last quarter. Keeley Teton Advisors LLC raised its stake in shares of Skyworks Solutions by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer's stock worth $1,096,000 after purchasing an additional 178 shares during the last quarter. Ridgewood Investments LLC raised its stake in shares of Skyworks Solutions by 27.9% in the first quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock worth $56,000 after purchasing an additional 188 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of Skyworks Solutions by 1.3% in the first quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock worth $952,000 after purchasing an additional 194 shares during the last quarter. Finally, Albert D Mason Inc. raised its stake in shares of Skyworks Solutions by 1.8% in the first quarter. Albert D Mason Inc. now owns 12,245 shares of the semiconductor manufacturer's stock worth $791,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SWKS. Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. Wall Street Zen raised Skyworks Solutions from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Citigroup lifted their price objective on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group initiated coverage on Skyworks Solutions in a report on Thursday, July 10th. They issued a "sell" rating and a $70.00 price objective for the company. One equities 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 issued a Sell rating to the company. According to MarketBeat, Skyworks Solutions has an average rating of "Reduce" and an average price target of $72.87.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $0.56 during mid-day trading on Friday, hitting $75.20. 2,138,425 shares of the company traded hands, compared to its average volume of 2,056,900. The stock's fifty day moving average price is $73.63 and its 200-day moving average price is $69.09. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $103.06. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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. 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 analyst estimates of $940.00 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. Skyworks Solutions's revenue for the quarter 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 anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

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

Skyworks Solutions Company 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.