Skyworks Solutions, Inc. $SWKS Holdings Cut by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Skyworks Solutions by 6.7% in Q1, holding 1,330,864 shares valued at approximately $86 million after selling 95,548 shares.
• Equity analysts are mixed on Skyworks, with target prices ranging from $66 to $75, indicating a consensus rating of "Reduce".
• Skyworks has announced a quarterly dividend of $0.71 per share, reflecting an increase from the previous $0.70 and resulting in a yield of 3.7%.

Rafferty Asset Management LLC lowered its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,330,864 shares of the semiconductor manufacturer's stock after selling 95,548 shares during the quarter. Rafferty Asset Management LLC owned 0.89% of Skyworks Solutions worth $86,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SWKS. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Skyworks Solutions by 176.4% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 374,069 shares of the semiconductor manufacturer's stock valued at $24,176,000 after buying an additional 238,723 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $1,113,000. Cadence Bank raised its stake in shares of Skyworks Solutions by 6.1% during the first quarter. Cadence Bank now owns 8,556 shares of the semiconductor manufacturer's stock valued at $553,000 after purchasing an additional 494 shares during the period. APG Asset Management N.V. lifted its position in shares of Skyworks Solutions by 5.5% during the first quarter. APG Asset Management N.V. now owns 115,547 shares of the semiconductor manufacturer's stock worth $6,913,000 after purchasing an additional 6,045 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Skyworks Solutions by 12.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 21,750 shares of the semiconductor manufacturer's stock valued at $1,406,000 after purchasing an additional 2,365 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWKS has been the subject of several research reports. Mizuho lifted their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Barclays lifted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has issued 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, Skyworks Solutions has a consensus rating of "Reduce" and a consensus price target of $72.87.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $1.10 during mid-day trading on Thursday, hitting $75.10. 1,869,029 shares of the stock traded hands, compared to its average volume of 2,660,082. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $110.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The company's 50-day simple moving average is $73.54 and its 200-day simple moving average is $68.72. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13.

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 the consensus estimate of $1.24 by $0.09. The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The company's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current 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 given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.8%. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's dividend payout ratio (DPR) is presently 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.