Northern Trust Corp Boosts Holdings in Skyworks Solutions, Inc. $SWKS

Key Points

• Northern Trust Corp has increased its position in Skyworks Solutions, Inc. by 7.8%, now owning approximately 1.66% of the company, valued at $160.7 million.
• Skyworks Solutions recently reported better-than-expected earnings per share of $1.33 and revenue of $965 million for the last quarter, exceeding analysts' estimates.
• The company has raised its quarterly dividend to $0.71 per share, reflecting a 3.7% yield and an increase from the previous dividend of $0.70.

Northern Trust Corp increased its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,486,911 shares of the semiconductor manufacturer's stock after buying an additional 179,663 shares during the period. Northern Trust Corp owned about 1.66% of Skyworks Solutions worth $160,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SWKS. MetLife Investment Management LLC raised its stake in Skyworks Solutions by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 42,286 shares of the semiconductor manufacturer's stock worth $3,750,000 after buying an additional 743 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Skyworks Solutions by 29.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,586 shares of the semiconductor manufacturer's stock worth $141,000 after purchasing an additional 359 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Skyworks Solutions by 25.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 16,646 shares of the semiconductor manufacturer's stock worth $1,476,000 after purchasing an additional 3,420 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Skyworks Solutions by 8.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 63,297 shares of the semiconductor manufacturer's stock worth $5,609,000 after purchasing an additional 4,938 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in Skyworks Solutions by 10.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,917 shares of the semiconductor manufacturer's stock worth $2,121,000 after purchasing an additional 2,343 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $0.45 during trading hours on Wednesday, reaching $76.12. 577,748 shares of the company traded hands, compared to its average volume of 3,408,074. The stock has a market capitalization of $11.30 billion, a P/E ratio of 30.41, a P/E/G ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $110.76. The business has a fifty day moving average price of $73.37 and a 200-day moving average price of $68.60.

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, beating analysts' consensus estimates of $1.24 by $0.09. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a yield of 3.7%. Skyworks Solutions's dividend payout ratio is currently 113.60%.

Analysts Set New Price Targets

SWKS has been the topic of several analyst reports. Mizuho lifted their price target 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. Citigroup lifted their price target 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 initiated coverage on shares of Skyworks Solutions in a report on Thursday, July 10th. They issued a "sell" rating and a $70.00 price target on the stock. Cfra Research raised shares of Skyworks Solutions to a "moderate sell" rating in a report on Wednesday, August 6th. Finally, Arete Research raised shares of Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target 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.