TD Asset Management Inc Lowers Position in Skyworks Solutions, Inc. $SWKS

Key Points

• TD Asset Management Inc has reduced its stake in Skyworks Solutions by 73.7%, now owning 27,162 shares worth approximately $2 million.
• Skyworks Solutions reported earnings of $1.33 per share for the last quarter, exceeding expectations, with revenue of $965 million.
• The company has announced a quarterly dividend of $0.71 per share, reflecting a 3.7% yield, up from the previous dividend of $0.70.

TD Asset Management Inc cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 73.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,162 shares of the semiconductor manufacturer's stock after selling 76,242 shares during the period. TD Asset Management Inc's holdings in Skyworks Solutions were worth $2,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SWKS. GAMMA Investing LLC lifted its position in Skyworks Solutions by 20.9% during the first quarter. GAMMA Investing LLC now owns 3,947 shares of the semiconductor manufacturer's stock valued at $255,000 after purchasing an additional 682 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Skyworks Solutions by 30.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,790 shares of the semiconductor manufacturer's stock valued at $1,861,000 after purchasing an additional 6,713 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Skyworks Solutions during the first quarter valued at $302,000. Cambridge Investment Research Advisors Inc. lifted its position in Skyworks Solutions by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,420 shares of the semiconductor manufacturer's stock valued at $867,000 after purchasing an additional 829 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position 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 purchasing an additional 631 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Trading Up 0.3%

Shares of SWKS stock opened at $76.40 on Wednesday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $98.34. 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 stock's 50-day moving average price is $75.64 and its 200-day moving average price is $71.15. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 30.56 and a beta of 1.20.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm had revenue of $965.00 million for the quarter, compared to analysts' expectations of $940.00 million. During the same period in the previous year, the firm posted $1.21 earnings per share. The business'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. Equities research analysts predict that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.7%. 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. Skyworks Solutions's payout ratio is presently 113.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SWKS shares. Wall Street Zen upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Skyworks Solutions in a research report on Wednesday, October 8th. Loop Capital boosted their price objective on Skyworks Solutions from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, October 16th. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a research report on Wednesday, August 6th. Finally, Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $70.87.

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.

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