Nordea Investment Management AB Sells 12,197 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Nordea Investment Management AB significantly reduced its holdings in Skyworks Solutions, selling 12,197 shares, representing a 48.9% decrease in their stake during the second quarter.
• Skyworks Solutions recently reported better-than-expected earnings, with $1.33 EPS for the quarter, surpassing analyst estimates of $1.24, alongside a 6.6% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.71 per share, marking an increase from the previous dividend of $0.70, reflecting a strong commitment to returning value to shareholders despite a payout ratio of 113.60%.

Nordea Investment Management AB reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 48.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,760 shares of the semiconductor manufacturer's stock after selling 12,197 shares during the quarter. Nordea Investment Management AB's holdings in Skyworks Solutions were worth $951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its position in shares of Skyworks Solutions by 57.3% in the second quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer's stock valued at $909,714,000 after purchasing an additional 4,444,747 shares during the period. Invesco Ltd. raised 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 purchasing an additional 979,962 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at about $67,841,000. AQR Capital Management LLC raised its position in shares of Skyworks Solutions by 89.3% in the first quarter. AQR Capital Management LLC now owns 1,197,742 shares of the semiconductor manufacturer's stock valued at $76,416,000 after purchasing an additional 565,065 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position 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 valued at $355,922,000 after purchasing an additional 408,577 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $75.78 on Friday. Skyworks Solutions, Inc. has a 52 week low of $47.93 and a 52 week high of $98.34. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 30.31 and a beta of 1.20. The firm's 50-day simple moving average is $75.66 and its 200 day simple moving average is $71.32. 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 earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $940.00 million. During the same period last year, the firm earned $1.21 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.71 per share. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. Skyworks Solutions's payout ratio is currently 113.60%.

Analysts Set New Price Targets

SWKS has been the topic of several research analyst reports. Mizuho lowered shares of Skyworks Solutions from a "neutral" rating to an "underperform" rating and set a $60.00 price objective on the stock. in a research report on Monday. Susquehanna increased their price objective on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Citigroup increased their price objective on shares of Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. Arete Research raised shares of Skyworks Solutions to a "strong-buy" rating in a research report on Thursday, August 14th. Finally, Loop Capital raised their price target on shares of Skyworks Solutions from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $70.87.

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.

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