Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Skyworks Solutions by 0.9% during the second quarter, now owning 390,607 shares worth approximately $29 million.
• Skyworks Solutions reported earnings per share of $1.33 for the last quarter, exceeding expectations, with a revenue of $965 million—up 6.6% year-over-year.
• The company has raised its quarterly dividend to $0.71 per share, reflecting a 3.7% dividend yield and a payout ratio of 113.60%.

Mirae Asset Global Investments Co. Ltd. increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 390,607 shares of the semiconductor manufacturer's stock after buying an additional 3,297 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.26% of Skyworks Solutions worth $29,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Place Capital Corp grew its position in shares of Skyworks Solutions by 62.1% in the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 141 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in shares of 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 lifted its holdings in shares of Skyworks Solutions by 61.1% in the first quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $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 grew its stake in Skyworks Solutions by 27.9% during 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 in the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Down 0.3%

Shares of SWKS opened at $77.10 on Friday. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $101.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80. The stock has a 50 day simple moving average of $74.50 and a two-hundred day simple moving average of $70.32. 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.

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. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $940.00 million. During the same period in the previous year, the business posted $1.21 EPS. The business'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. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. 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. Skyworks Solutions's payout ratio is 113.60%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SWKS shares. The Goldman Sachs Group started coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They issued a "sell" rating and a $70.00 target price on the stock. Mizuho lifted their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. Wall Street Zen upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Cfra Research upgraded shares of Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus 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.

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.