SVB Wealth LLC Trims Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• SVB Wealth LLC has reduced its stake in Skyworks Solutions, Inc. by 32.4%, now holding 17,237 shares valued at approximately $1.11 million.
• Skyworks recently announced a quarterly dividend increase to $0.71 per share, reflecting an annualized yield of 3.7% despite a payout ratio of 113.60%.
• Analysts' ratings on Skyworks vary, with a mixed consensus of one "Strong Buy," one "Buy," thirteen "Hold," and four "Sell" ratings, leading to an average price target of $72.87.

SVB Wealth LLC trimmed its position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,237 shares of the semiconductor manufacturer's stock after selling 8,245 shares during the quarter. SVB Wealth LLC's holdings in Skyworks Solutions were worth $1,114,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mattson Financial Services LLC bought a new position in Skyworks Solutions in the 4th quarter valued at $37,000. MassMutual Private Wealth & Trust FSB boosted its stake in Skyworks Solutions by 60.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 223 shares during the period. Brown Lisle Cummings Inc. boosted its stake in Skyworks Solutions by 450.7% during the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock valued at $50,000 after buying an additional 631 shares during the period. Costello Asset Management INC increased its stake in Skyworks Solutions by 61.1% in the 1st quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after acquiring an additional 300 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Skyworks Solutions in the 1st quarter valued at about $52,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Up 0.7%

Shares of SWKS traded up $0.53 during mid-day trading on Wednesday, reaching $76.20. The company's stock had a trading volume of 1,529,852 shares, compared to its average volume of 3,414,384. The stock has a market cap of $11.31 billion, a PE ratio of 30.48, a P/E/G ratio of 1.72 and a beta of 1.13. 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, Inc. has a 52 week low of $47.93 and a 52 week high of $110.76. The company's fifty day moving average price is $73.37 and its two-hundred day moving average price is $68.60.

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 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 business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, analysts predict that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, August 26th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.7%. Skyworks Solutions's dividend payout ratio is presently 113.60%.

Analyst Upgrades and Downgrades

SWKS has been the topic of several research analyst reports. Wall Street Zen cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays lifted their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Thursday, May 8th. Cfra Research upgraded shares of Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Arete Research upgraded shares of Skyworks Solutions to a "strong-buy" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, Skyworks Solutions presently has an average 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.