Rafferty Asset Management LLC Lowers Stock Holdings in Skyworks Solutions, Inc. $SWKS

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 cut its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,330,864 shares of the semiconductor manufacturer's stock after selling 95,548 shares during the period. Rafferty Asset Management LLC owned about 0.89% of Skyworks Solutions worth $86,014,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SWKS. Caisse DE Depot ET Placement DU Quebec grew its holdings in Skyworks Solutions by 176.4% during the first 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 purchasing an additional 238,723 shares during the period. Quantitative Investment Management LLC bought a new position in Skyworks Solutions during the first quarter valued at $1,113,000. Cadence Bank grew its holdings in 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. grew its holdings in 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 valued at $6,913,000 after purchasing an additional 6,045 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Skyworks Solutions by 12.2% during 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.

Skyworks Solutions Price Performance

Shares of SWKS stock traded down $0.16 on Friday, reaching $74.94. The company's stock had a trading volume of 2,234,380 shares, compared to its average volume of 2,588,446. 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 company has a market capitalization of $11.12 billion, a P/E ratio of 29.98, a PEG ratio of 1.68 and a beta of 1.13. The stock's 50 day simple moving average is $73.59 and its 200-day simple moving average is $68.81.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. During the same quarter last year, the business posted $1.21 earnings per share. The firm's revenue 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. As a group, equities analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost 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 113.60%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Wall Street Zen upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Sunday. Citigroup increased their target price on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. 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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions currently 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.