MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 92,349 Shares of Skyworks Solutions, Inc. $SWKS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 51.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,388 shares of the semiconductor manufacturer's stock after acquiring an additional 92,349 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.18% of Skyworks Solutions worth $17,604,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB boosted its position in Skyworks Solutions by 60.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 223 shares during the period. Brown Lisle Cummings Inc. boosted its position in Skyworks Solutions by 450.7% during 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 during the period. Costello Asset Management INC boosted its position in Skyworks Solutions by 61.1% during 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 during the period. Finally, Ameriflex Group Inc. purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $71,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SWKS. Arete Research upgraded shares of Skyworks Solutions to a "strong-buy" rating in a research report on Thursday, August 14th. 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 report on Wednesday, August 6th. The Goldman Sachs Group started coverage on shares of Skyworks Solutions in a report on Thursday, July 10th. They set a "sell" rating and a $70.00 target price for the company. Mizuho increased their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Finally, UBS Group increased their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $72.87.

Skyworks Solutions Trading Down 0.3%

SWKS stock traded down $0.22 during trading on Friday, reaching $74.46. The company had a trading volume of 2,140,364 shares, compared to its average volume of 2,111,663. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $103.06. The business has a 50 day moving average of $73.44 and a 200 day moving average of $69.35. The company has a market cap of $11.05 billion, a P/E ratio of 29.78, a PEG ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $940.00 million. During the same quarter last year, the firm earned $1.21 earnings per share. The business'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. As a group, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

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