Resona Asset Management Co. Ltd. Buys 3,979 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Skyworks Solutions by 8.9%, now holding 48,867 shares valued at approximately $3.15 million.
• Skyworks Solutions announced a quarterly dividend increase to $0.71 per share, with a payout ratio of 112%, and a yield of 3.8%.
• Analysts have mixed ratings for Skyworks Solutions; while Barclays set a price target of $52.00, others like Susquehanna increased theirs to $75.00, indicating variable outlooks within the market.

Resona Asset Management Co. Ltd. boosted its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 8.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,867 shares of the semiconductor manufacturer's stock after purchasing an additional 3,979 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Skyworks Solutions were worth $3,155,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board boosted its position in Skyworks Solutions by 8.2% during the first quarter. Public Sector Pension Investment Board now owns 24,994 shares of the semiconductor manufacturer's stock worth $1,615,000 after purchasing an additional 1,887 shares during the period. AIA Group Ltd boosted its position in Skyworks Solutions by 44.1% during the first quarter. AIA Group Ltd now owns 8,002 shares of the semiconductor manufacturer's stock worth $517,000 after purchasing an additional 2,450 shares during the period. Staley Capital Advisers Inc. boosted its position in Skyworks Solutions by 8.3% during the first quarter. Staley Capital Advisers Inc. now owns 4,380 shares of the semiconductor manufacturer's stock worth $283,000 after purchasing an additional 334 shares during the period. CCM Investment Group LLC bought a new stake in Skyworks Solutions during the first quarter worth approximately $954,000. Finally, Nuveen LLC bought a new stake in Skyworks Solutions during the first quarter worth approximately $24,147,000. Institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a report on Wednesday, August 6th. Mizuho upped their price target 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 upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Skyworks Solutions has a consensus rating of "Reduce" and a consensus price target of $72.87.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded up $0.19 during trading hours on Wednesday, reaching $75.12. The stock had a trading volume of 2,388,787 shares, compared to its average volume of 3,458,919. The business's fifty day moving average is $72.98 and its two-hundred day moving average is $68.67. 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 company has a market cap of $11.15 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.66 and a beta of 1.13. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $110.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating analysts' consensus estimates 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%.Skyworks Solutions's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The business 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 dividend on an annualized basis 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 currently 112.00%.

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.