HighTower Advisors LLC Sells 27,535 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• HighTower Advisors LLC reduced its holdings in Skyworks Solutions by 23.9% during the first quarter, now owning approximately 0.06% of the company valued at $5.66 million after selling 27,535 shares.
• Skyworks Solutions reported earnings of $1.33 per share for the quarter, exceeding the consensus estimate of $1.24, with revenue reaching $965 million, up 6.6% from the previous year.
• The company announced a quarterly dividend increase to $0.71, with a dividend yield of 3.8%, set to be paid on September 16th to shareholders on record as of August 26th.

HighTower Advisors LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 23.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,618 shares of the semiconductor manufacturer's stock after selling 27,535 shares during the quarter. HighTower Advisors LLC owned about 0.06% of Skyworks Solutions worth $5,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Skyworks Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after purchasing an additional 397,638 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Skyworks Solutions by 37.9% during the first quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock valued at $501,716,000 after buying an additional 2,132,847 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Skyworks Solutions by 8.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock worth $355,922,000 after buying an additional 408,577 shares in the last quarter. Vulcan Value Partners LLC boosted its position in shares of Skyworks Solutions by 29.2% in the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after acquiring an additional 1,194,782 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Skyworks Solutions by 31.0% in the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock valued at $267,675,000 after acquiring an additional 979,962 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded up $2.77 during trading on Friday, hitting $77.29. 2,391,182 shares of the stock traded hands, compared to its average volume of 2,660,370. The stock has a market cap of $11.47 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.67 and a beta of 1.13. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $110.76. The firm's fifty day moving average is $73.20 and its 200-day moving average is $68.58. 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 (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The firm had revenue of $965.00 million during 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 business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. 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 EPS 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. Stockholders of record on Tuesday, August 26th will be issued a $0.71 dividend. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's dividend payout ratio (DPR) is presently 112.00%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup increased their target price on shares of Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Susquehanna upped their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Barclays boosted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Finally, Arete Research raised Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $72.87.

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.