Skyworks Solutions, Inc. $SWKS Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. significantly reduced its stake in Skyworks Solutions, Inc. by 86.0%, selling 385,033 shares during the second quarter and leaving it with 62,694 shares valued at approximately $4.67 million.
• Skyworks Solutions reported a net revenue of $965 million and earnings of $1.33 per share, exceeding analyst expectations, with a year-over-year revenue increase of 6.6%.
• The company has recently declared a quarterly dividend increase to $0.71, up from $0.70, reflecting a 3.5% yield despite a high payout ratio of 113.60%.

Assenagon Asset Management S.A. reduced its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 86.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,694 shares of the semiconductor manufacturer's stock after selling 385,033 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Skyworks Solutions were worth $4,672,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Skyworks Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after acquiring an additional 397,638 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Skyworks Solutions by 37.9% during the 1st quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock worth $501,716,000 after acquiring an additional 2,132,847 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Skyworks Solutions by 8.0% during 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 acquiring an additional 408,577 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Skyworks Solutions by 31.0% during the 1st quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after acquiring an additional 979,962 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Skyworks Solutions by 7.8% during the 1st quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer's stock worth $160,729,000 after acquiring an additional 179,663 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Down 0.7%

Shares of NASDAQ SWKS opened at $80.66 on Thursday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $101.50. The stock has a market cap of $11.97 billion, a PE ratio of 32.26, a P/E/G ratio of 1.82 and a beta of 1.17. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $73.79 and a 200 day moving average of $69.93.

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 (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 company had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. During the same quarter in the prior year, the company earned $1.21 EPS. Skyworks Solutions'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, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were paid a $0.71 dividend. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $2.84 annualized dividend and a dividend yield of 3.5%. Skyworks Solutions's dividend payout ratio is currently 113.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SWKS. The Goldman Sachs Group started coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They set a "sell" rating and a $70.00 target price on the stock. Susquehanna lifted their target price on shares of Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. UBS Group lifted their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Citigroup lifted their target price on shares of Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a research report on Wednesday, August 6th. 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 issued a Sell rating to the stock. According to MarketBeat, Skyworks Solutions has an average rating of "Reduce" and a consensus price target of $72.87.

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.

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