Skyworks Solutions, Inc. $SWKS Stock Position Increased by PDT Partners LLC

Key Points

• PDT Partners LLC increased its stake in Skyworks Solutions by 140.2% during the first quarter, owning a total of 129,339 shares following the purchase of 75,500 additional shares.
• Skyworks Solutions reported earnings of $1.33 per share for the last quarter, exceeding analysts' expectations and generating revenue of $965 million, a 6.6% increase from the previous year.
• The company recently announced a quarterly dividend increase from $0.70 to $0.71, representing an annualized dividend yield of 3.8%.

PDT Partners LLC raised its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 140.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,339 shares of the semiconductor manufacturer's stock after purchasing an additional 75,500 shares during the period. Skyworks Solutions accounts for 0.6% of PDT Partners LLC's portfolio, making the stock its 11th largest position. PDT Partners LLC owned about 0.09% of Skyworks Solutions worth $8,359,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Schonfeld Strategic Advisors LLC raised its holdings in Skyworks Solutions by 34.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 30,859 shares of the semiconductor manufacturer's stock valued at $2,737,000 after buying an additional 7,932 shares during the period. AXA S.A. raised its holdings in Skyworks Solutions by 42.8% in the fourth quarter. AXA S.A. now owns 260,091 shares of the semiconductor manufacturer's stock valued at $23,065,000 after buying an additional 77,999 shares during the period. Alethea Capital Management LLC purchased a new position in Skyworks Solutions in the fourth quarter valued at approximately $394,000. Baird Financial Group Inc. raised its holdings in Skyworks Solutions by 3.9% in the fourth quarter. Baird Financial Group Inc. now owns 49,220 shares of the semiconductor manufacturer's stock valued at $4,365,000 after buying an additional 1,854 shares during the period. Finally, Deutsche Bank AG raised its holdings in Skyworks Solutions by 51.6% in the fourth quarter. Deutsche Bank AG now owns 758,154 shares of the semiconductor manufacturer's stock valued at $67,233,000 after buying an additional 257,967 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of recent research reports. Citigroup boosted their price objective on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Mizuho boosted their price target on Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Barclays upped their price target on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, UBS Group boosted their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. One research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of "Reduce" and a consensus target price of $72.87.

Skyworks Solutions Stock Performance

Shares of SWKS traded up $1.08 during mid-day trading on Thursday, hitting $74.64. The stock had a trading volume of 2,279,462 shares, compared to its average volume of 3,378,320. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $103.53. 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 company has a market cap of $11.08 billion, a PE ratio of 29.86, a PEG ratio of 1.68 and a beta of 1.17. The company's fifty day simple moving average is $73.62 and its two-hundred day simple moving average is $68.95.

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 (EPS) for the quarter, topping 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 firm had revenue of $965.00 million for the quarter, compared to analysts' expectations of $940.00 million. During the same period last year, the business posted $1.21 earnings per share. The firm's revenue for the quarter 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, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a $0.71 dividend. The ex-dividend date is Tuesday, August 26th. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 3.8%. Skyworks Solutions's payout ratio is presently 113.60%.

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.