Skyworks Solutions, Inc. $SWKS Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management reduced its holdings in Skyworks Solutions by 76.8% in Q2, selling over 13,000 shares, leaving them with a valuation of $296,000 at the quarter's end.
• Skyworks Solutions recently increased its quarterly dividend from $0.70 to $0.71 per share, representing an annualized yield of 3.4% despite a high dividend payout ratio of 113.60%.
• Analysts have mixed opinions on the stock, with one strong buy and multiple holds, while the average price target stands at $72.87.

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 76.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,968 shares of the semiconductor manufacturer's stock after selling 13,120 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Skyworks Solutions were worth $296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Skyworks Solutions by 9.1% during the first quarter. Principal Financial Group Inc. now owns 203,496 shares of the semiconductor manufacturer's stock worth $13,152,000 after acquiring an additional 16,965 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Skyworks Solutions by 30.6% during the first quarter. Perigon Wealth Management LLC now owns 3,953 shares of the semiconductor manufacturer's stock worth $255,000 after acquiring an additional 927 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Skyworks Solutions during the first quarter worth $1,511,000. Envestnet Asset Management Inc. increased its stake in Skyworks Solutions by 91.5% during the first quarter. Envestnet Asset Management Inc. now owns 474,852 shares of the semiconductor manufacturer's stock worth $30,690,000 after acquiring an additional 226,938 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Skyworks Solutions by 1.5% during the first quarter. Amalgamated Bank now owns 31,496 shares of the semiconductor manufacturer's stock worth $2,036,000 after acquiring an additional 458 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SWKS shares. Wall Street Zen lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Monday, September 8th. Susquehanna raised their price target on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. UBS Group raised their price target on Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group started coverage on Skyworks Solutions in a research report on Thursday, July 10th. They set a "sell" rating and a $70.00 price target for the company. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $72.87.

Skyworks Solutions Trading Up 5.1%

NASDAQ:SWKS opened at $82.97 on Tuesday. The firm has a market cap of $12.32 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.17. The stock has a fifty day moving average price of $73.47 and a 200 day moving average price of $69.77. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $101.50. The company has a current ratio of 2.39, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.77% and a net margin of 9.88%.Skyworks Solutions's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Sell-side analysts anticipate that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th were issued a dividend of $0.71 per share. 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 dividend on an annualized basis and a yield of 3.4%. Skyworks Solutions's dividend payout ratio (DPR) is presently 113.60%.

Skyworks Solutions 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.

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