Raymond James Financial Inc. Trims Holdings in Skyworks Solutions, Inc. $SWKS

Key Points

• Raymond James Financial Inc. reduced its stake in Skyworks Solutions, Inc. by 7.7%, selling 6,916 shares to end with a total of 82,697 shares worth approximately $5.34 million.
• Analysts have various ratings on Skyworks Solutions with a consensus rating of "Reduce" and a target price of $72.87, influenced by brokerages like Goldman Sachs and UBS Group.
• Skyworks Solutions announced a quarterly dividend of $0.71 per share, reflecting a slight increase from the previous $0.70, with an annualized yield of 3.8%.

Raymond James Financial Inc. decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 7.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,697 shares of the semiconductor manufacturer's stock after selling 6,916 shares during the period. Raymond James Financial Inc. owned approximately 0.06% of Skyworks Solutions worth $5,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SWKS. Pzena Investment Management LLC boosted its stake in Skyworks Solutions by 37.9% in the 1st quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock worth $501,716,000 after purchasing an additional 2,132,847 shares in the last quarter. Invesco Ltd. boosted its stake in Skyworks Solutions by 31.0% in the 1st quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after purchasing an additional 979,962 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Skyworks Solutions by 1,844.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock worth $28,937,000 after purchasing an additional 424,698 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Skyworks Solutions by 8.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock worth $355,922,000 after purchasing an additional 408,577 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Skyworks Solutions by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after purchasing an additional 397,638 shares in the last quarter. Institutional investors own 85.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SWKS shares. Wall Street Zen upgraded shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Cfra Research upgraded shares of Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. Susquehanna upped their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Mizuho upped their target price on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Arete Research upgraded shares of Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $72.87.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded up $0.56 during midday trading on Friday, hitting $75.20. 2,138,425 shares of the company's stock traded hands, compared to its average volume of 2,079,819. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $103.06. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17. 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 firm has a fifty day moving average of $73.63 and a 200 day moving average of $69.07.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $940.00 million. During the same quarter in the prior year, the firm earned $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. On average, analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors 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 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. Skyworks Solutions's payout ratio is currently 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.