Kovitz Investment Group Partners LLC Acquires 4,420 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Skyworks Solutions, Inc. by 25.6%, holding 21,668 shares valued at approximately $1.4 million after an additional purchase of 4,420 shares.
• The company recently announced a quarterly dividend of $0.71 per share, reflecting an increase from the previous quarter's $0.70 dividend, with a dividend yield of 3.8%.
• Skyworks Solutions reported a 6.6% increase in revenue year-over-year, with earnings per share of $1.33 for the last quarter, exceeding analyst expectations of $1.24.

Kovitz Investment Group Partners LLC raised its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 21,668 shares of the semiconductor manufacturer's stock after acquiring an additional 4,420 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Skyworks Solutions were worth $1,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 worth $501,716,000 after buying an additional 2,132,847 shares during the period. Vulcan Value Partners LLC increased its position in shares of Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after buying an additional 1,194,782 shares during the period. Invesco Ltd. increased its position in shares of Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after buying an additional 979,962 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Skyworks Solutions by 1,844.2% during the first quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock worth $28,937,000 after buying an additional 424,698 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Skyworks Solutions by 8.0% during 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 during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SWKS. UBS Group increased their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research report on Thursday, May 8th. Susquehanna increased their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Barclays increased their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $72.87.

Skyworks Solutions Stock Up 3.7%

NASDAQ SWKS traded up $2.77 on Friday, hitting $77.29. 2,391,182 shares of the company were exchanged, compared to its average volume of 3,439,561. The company has a market cap of $11.47 billion, a PE ratio of 30.92, a PEG ratio of 1.68 and a beta of 1.13. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $110.76. The stock has a fifty day moving average of $73.07 and a 200-day moving average of $68.64. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its 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%. Skyworks Solutions's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders 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 3.7%. 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 payout ratio is 112.00%.

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.