Patton Fund Management Inc. Buys New Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Patton Fund Management Inc. acquired 3,507 shares of Skyworks Solutions, Inc. for approximately $261,000 during the second quarter, indicating growing institutional interest in the semiconductor manufacturer.
• Skyworks recently reported a quarterly earnings of $1.33 EPS, surpassing estimates of $1.24, with a revenue of $965 million, a 6.6% increase from the previous year.
• The firm announced an increase in its quarterly dividend to $0.71 per share, reflecting a commitment to returning value to shareholders despite a dividend payout ratio of 113.60%.

Patton Fund Management Inc. bought a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 3,507 shares of the semiconductor manufacturer's stock, valued at approximately $261,000.

Several other hedge funds have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its holdings in Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in Skyworks Solutions by 450.7% during the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after purchasing an additional 631 shares during the last quarter. Costello Asset Management INC increased its holdings in Skyworks Solutions by 61.1% during the 1st quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after purchasing an additional 300 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Skyworks Solutions during the 1st quarter worth approximately $52,000. Finally, Ridgewood Investments LLC increased its holdings in Skyworks Solutions by 27.9% during the 1st quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock worth $56,000 after purchasing an additional 188 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Up 0.2%

NASDAQ:SWKS opened at $79.51 on Friday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $101.50. The firm has a market capitalization of $11.80 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.78 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. The business has a 50 day simple moving average of $74.07 and a 200 day simple moving average of $70.07.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $940.00 million. During the same quarter in the previous year, the firm posted $1.21 EPS. The business'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. Equities research analysts predict 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. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, August 26th. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's dividend payout ratio (DPR) is presently 113.60%.

Analyst Ratings Changes

Several research firms have issued reports on SWKS. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a report on Wednesday, August 6th. Mizuho lifted their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Wall Street Zen lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, September 8th. Susquehanna lifted their target price on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, UBS Group lifted their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. One investment 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 given a Sell rating to the stock. According to MarketBeat, Skyworks Solutions presently has a consensus rating of "Reduce" and an average price target of $72.87.

Skyworks Solutions 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.

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