NorthCrest Asset Manangement LLC Sells 21,151 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• NorthCrest Asset Management LLC reduced its stake in Skyworks Solutions, Inc. by 28.8%, now holding 52,203 shares valued at approximately $4.1 million.
• Skyworks Solutions recently announced a quarterly dividend increase to $0.71 per share, representing an annualized yield of 3.7%.
• Analysts have mixed ratings for Skyworks Solutions' stock, with one Strong Buy, one Buy, thirteen Hold, and four Sell ratings, and a consensus target price of $72.87.

NorthCrest Asset Manangement LLC trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 28.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,203 shares of the semiconductor manufacturer's stock after selling 21,151 shares during the period. NorthCrest Asset Manangement LLC's holdings in Skyworks Solutions were worth $4,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mattson Financial Services LLC acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at $37,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Skyworks Solutions by 60.1% in the 1st 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. increased its stake in shares of Skyworks Solutions by 450.7% in the 1st 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 increased its stake in shares of Skyworks Solutions by 61.1% in the 1st 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. acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at $71,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Skyworks Solutions in a research note on Thursday, July 10th. They issued a "sell" rating and a $70.00 target price for the company. UBS Group lifted their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Susquehanna lifted their target price on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. Finally, Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $72.87.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded up $1.92 on Friday, hitting $78.95. The stock had a trading volume of 8,990,565 shares, compared to its average volume of 2,290,285. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $101.50. The business's 50 day moving average is $73.30 and its two-hundred day moving average is $69.66. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. During the same period in the previous year, the company posted $1.21 earnings per share. The firm's revenue for the quarter 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. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th were given a dividend of $0.71 per share. The ex-dividend date was Tuesday, August 26th. This represents a $2.84 annualized dividend and a yield of 3.6%. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's dividend payout ratio is 113.60%.

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.