Voya Investment Management LLC Acquires 4,641 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Voya Investment Management LLC increased its stake in Skyworks Solutions by 4.5%, acquiring a total of 106,721 shares worth approximately $6.9 million.
• Skyworks Solutions recently reported a quarterly earnings beat with an EPS of $1.33, surpassing estimates and showing a year-over-year revenue growth of 6.6%.
• The company declared an increase in its quarterly dividend to $0.71 per share, representing an annualized dividend of $2.84 and a yield of 3.8%.

Voya Investment Management LLC raised its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,721 shares of the semiconductor manufacturer's stock after purchasing an additional 4,641 shares during the quarter. Voya Investment Management LLC owned about 0.07% of Skyworks Solutions worth $6,897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Jacobi Capital Management LLC increased its stake in shares of Skyworks Solutions by 32.4% in the first quarter. Jacobi Capital Management LLC now owns 6,080 shares of the semiconductor manufacturer's stock valued at $393,000 after purchasing an additional 1,489 shares during the period. Focus Partners Wealth increased its stake in shares of Skyworks Solutions by 99.0% in the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer's stock valued at $611,000 after purchasing an additional 4,702 shares during the period. Bayforest Capital Ltd increased its stake in shares of Skyworks Solutions by 138.1% in the first quarter. Bayforest Capital Ltd now owns 7,511 shares of the semiconductor manufacturer's stock valued at $485,000 after purchasing an additional 4,356 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Skyworks Solutions by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,202,049 shares of the semiconductor manufacturer's stock valued at $77,688,000 after purchasing an additional 24,304 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Skyworks Solutions by 2.1% in the first quarter. Empowered Funds LLC now owns 53,728 shares of the semiconductor manufacturer's stock valued at $3,472,000 after purchasing an additional 1,119 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Price Performance

NASDAQ:SWKS traded up $1.92 during trading hours on Friday, reaching $78.95. 8,990,565 shares of the company's stock were exchanged, compared to its average volume of 2,620,214. The business's 50-day simple moving average is $73.30 and its two-hundred day simple moving average is $69.70. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $101.50. 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 capitalization of $11.72 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.77 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The firm had revenue of $965.00 million during the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The company's revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Sell-side analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, August 26th. This represents a $2.84 annualized dividend and a dividend yield of 3.6%. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. Skyworks Solutions's dividend payout ratio is presently 113.60%.

Analysts Set New Price Targets

A number of research firms recently commented on SWKS. UBS Group raised their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Mizuho raised their price objective 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. Arete Research upgraded shares of Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. The Goldman Sachs Group began coverage on shares of Skyworks Solutions in a report on Thursday, July 10th. They set a "sell" rating and a $70.00 target price for the company. Finally, Susquehanna raised their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Reduce" and an average price target of $72.87.

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.