Lecap Asset Management Ltd. Takes Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Lecap Asset Management Ltd. acquired 16,141 shares of Skyworks Solutions, Inc. for approximately $1,203,000 during the second quarter.
• Skyworks recently reported a quarterly earnings per share (EPS) of $1.33, beating estimates and showing a revenue increase of 6.6% year-over-year, totaling $965 million.
• The company recently increased its quarterly dividend from $0.70 to $0.71, indicating a strong commitment to returning value to shareholders despite a high payout ratio of 113.60%.

Lecap Asset Management Ltd. purchased a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 16,141 shares of the semiconductor manufacturer's stock, valued at approximately $1,203,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp raised its holdings in Skyworks Solutions by 62.1% in the 2nd quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 141 shares during the period. Horizon Investments LLC increased its stake in Skyworks Solutions by 2.8% during the 1st quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock worth $349,000 after buying an additional 146 shares in the last quarter. Keeley Teton Advisors LLC increased its stake in Skyworks Solutions by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer's stock worth $1,096,000 after buying an additional 178 shares in the last quarter. Ridgewood Investments LLC increased its stake in Skyworks Solutions by 27.9% during the 1st quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock worth $56,000 after buying an additional 188 shares in the last quarter. Finally, Inspire Advisors LLC increased its stake in Skyworks Solutions by 1.3% during the 1st quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock worth $952,000 after buying an additional 194 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on SWKS shares. Citigroup boosted their price objective on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group started coverage on Skyworks Solutions in a research note on Thursday, July 10th. They set a "sell" rating and a $70.00 price objective for the company. Susquehanna boosted their price objective on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Mizuho upped their price target on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, UBS Group upped their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $72.87.

Skyworks Solutions Trading Down 0.8%

SWKS opened at $76.34 on Thursday. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $101.50. The stock has a market capitalization of $11.33 billion, a PE ratio of 30.54, a P/E/G ratio of 1.72 and a beta of 1.20. The business's 50 day moving average price is $74.29 and its 200 day moving average price is $70.23. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm had revenue of $965.00 million for the quarter, compared to analysts' expectations of $940.00 million. During the same period in the prior year, the firm posted $1.21 earnings per share. The firm's quarterly revenue was up 6.6% on a year-over-year basis. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th were issued a $0.71 dividend. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Tuesday, August 26th. Skyworks Solutions's 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.

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