Vident Advisory LLC Acquires 30,921 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Vident Advisory LLC increased its stake in Skyworks Solutions by 168.0% during the first quarter, accumulating a total of 49,325 shares valued at approximately $3.2 million.
• Skyworks Solutions reported a 6.6% increase in quarterly revenue year-over-year, earning $1.33 per share, which exceeded analysts' expectations.
• The company announced a quarterly dividend of $0.71 per share, reflecting an increase from the previous dividend and offering shareholders a yield of 3.8%.

Vident Advisory LLC increased its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 168.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 49,325 shares of the semiconductor manufacturer's stock after acquiring an additional 30,921 shares during the period. Vident Advisory LLC's holdings in Skyworks Solutions were worth $3,188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SWKS. Schonfeld Strategic Advisors LLC increased its holdings in shares of Skyworks Solutions by 34.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 30,859 shares of the semiconductor manufacturer's stock valued at $2,737,000 after acquiring an additional 7,932 shares during the last quarter. AXA S.A. lifted its position in shares of Skyworks Solutions by 42.8% during the 4th quarter. AXA S.A. now owns 260,091 shares of the semiconductor manufacturer's stock worth $23,065,000 after buying an additional 77,999 shares during the period. Alethea Capital Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $394,000. Baird Financial Group Inc. increased its holdings in Skyworks Solutions by 3.9% during the 4th quarter. Baird Financial Group Inc. now owns 49,220 shares of the semiconductor manufacturer's stock valued at $4,365,000 after purchasing an additional 1,854 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Skyworks Solutions by 51.6% in the 4th quarter. Deutsche Bank AG now owns 758,154 shares of the semiconductor manufacturer's stock valued at $67,233,000 after buying an additional 257,967 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded up $1.08 on Thursday, hitting $74.64. The stock had a trading volume of 2,279,462 shares, compared to its average volume of 3,378,320. Skyworks Solutions, Inc. has a twelve month low of $47.93 and a twelve month high of $103.53. The business's 50 day moving average is $73.62 and its two-hundred day moving average is $68.95. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. Analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.8%. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, August 26th. Skyworks Solutions's dividend payout ratio is presently 113.60%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SWKS. Wall Street Zen upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a research report on Sunday. Stifel Nicolaus boosted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Susquehanna boosted their price target on Skyworks Solutions from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. UBS Group lifted their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Citigroup boosted their price target on Skyworks Solutions from $63.00 to $66.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $72.87.

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.