Skyworks Solutions, Inc. $SWKS Shares Sold by First Trust Advisors LP

Key Points

• First Trust Advisors LP reduced its Skyworks stake by 12.5%, selling 144,862 shares and now holding 1,014,281 shares (about a 0.68% stake) valued at roughly $78.08 million.
• Analysts have trimmed outlooks and price targets (e.g., Morgan Stanley to $68, UBS to $58, JPMorgan to $65), leaving a consensus rating of Hold with an average target of $70.50.
• Skyworks declared a $0.71 quarterly dividend (annualized $2.84), implying a 5.1% yield, but the dividend payout ratio is about 109%, which raises sustainability concerns.

First Trust Advisors LP lowered its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 12.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,281 shares of the semiconductor manufacturer's stock after selling 144,862 shares during the period. First Trust Advisors LP owned 0.68% of Skyworks Solutions worth $78,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SWKS. Atlantic Union Bankshares Corp purchased a new stake in shares of Skyworks Solutions in the second quarter valued at about $28,000. Financial Consulate Inc. acquired a new stake in shares of Skyworks Solutions during the third quarter worth about $29,000. Clearstead Trust LLC grew its holdings in shares of Skyworks Solutions by 200.0% during the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 274 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Skyworks Solutions in the 2nd quarter valued at about $32,000. Finally, Parkside Financial Bank & Trust increased its position in Skyworks Solutions by 98.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer's stock valued at $33,000 after acquiring an additional 217 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SWKS. Wall Street Zen cut Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Argus raised Skyworks Solutions to a "hold" rating in a report on Friday, February 6th. Morgan Stanley cut their price target on Skyworks Solutions from $89.00 to $68.00 and set an "equal weight" rating for the company in a research note on Monday, February 2nd. UBS Group decreased their price target on Skyworks Solutions from $63.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $74.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $70.50.

Skyworks Solutions Stock Up 0.9%

SWKS opened at $55.28 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.80. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $90.90. The stock has a market capitalization of $8.31 billion, a P/E ratio of 21.26 and a beta of 1.30. The business has a 50 day simple moving average of $59.79 and a 200-day simple moving average of $67.61.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $999.02 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. Skyworks Solutions's quarterly revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 24th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is currently 109.23%.

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company's portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.