Greenwood Capital Associates LLC Makes New Investment in Skyworks Solutions, Inc. $SWKS

Key Points

• Greenwood Capital Associates LLC acquired a new stake in Skyworks Solutions, Inc., purchasing 8,349 shares valued at approximately $622,000.
• Skyworks Solutions recently declared a quarterly dividend of $0.71 per share, increasing from the previous dividend of $0.70, with a payout ratio of 113.60%.
• The company reported Q3 earnings of $1.33 EPS, surpassing expectations and showing a year-over-year revenue increase of 6.6% to $965 million.

Greenwood Capital Associates LLC acquired a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,349 shares of the semiconductor manufacturer's stock, valued at approximately $622,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Place Capital Corp raised its stake in Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 141 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in Skyworks Solutions by 450.7% in the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock valued at $50,000 after buying an additional 631 shares in the last quarter. Costello Asset Management INC boosted its position in Skyworks Solutions by 61.1% in the first quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock valued at $51,000 after buying an additional 300 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Skyworks Solutions in the first quarter valued at approximately $52,000. Finally, 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 valued at $56,000 after acquiring an additional 188 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Price Performance

SWKS stock opened at $77.10 on Friday. 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, Inc. has a 12 month low of $47.93 and a 12 month high of $101.50. The firm has a market cap of $11.44 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.67 and a beta of 1.20. The company's 50-day moving average price is $74.50 and its two-hundred day moving average price is $70.32.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, 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 declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.71 per share. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. Skyworks Solutions's payout ratio is presently 113.60%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Susquehanna lifted their target price on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Arete Research upgraded shares of Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. Wall Street Zen raised shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Friday. The Goldman Sachs Group assumed coverage on shares of Skyworks Solutions in a research report on Thursday, July 10th. They set a "sell" rating and a $70.00 price target on the stock. Finally, Cfra Research raised shares of Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus 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.

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.