Wealth Enhancement Advisory Services LLC Lowers Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Skyworks Solutions, Inc. by 16.1% during the second quarter, owning 24,142 shares worth approximately $1.9 million after selling 4,648 shares.
• Skyworks Solutions recently received a mix of ratings from analysts, with a consensus opinion of "Reduce" and a target price of $72.87, while some analysts have given it a "strong-buy" rating.
• The company declared an increased quarterly dividend of $0.71 per share, bringing its annualized dividend to $2.84 and a yield of 3.6%.

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,142 shares of the semiconductor manufacturer's stock after selling 4,648 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Skyworks Solutions were worth $1,901,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Skyworks Solutions by 2.0% during the first quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after purchasing an additional 397,638 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 37.9% during the first quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock worth $501,716,000 after purchasing an additional 2,132,847 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Skyworks Solutions by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock worth $355,922,000 after purchasing an additional 408,577 shares during the period. Invesco Ltd. lifted its holdings in shares of Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after purchasing an additional 979,962 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Skyworks Solutions by 7.8% during the first quarter. Northern Trust Corp now owns 2,486,911 shares of the semiconductor manufacturer's stock worth $160,729,000 after purchasing an additional 179,663 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SWKS shares. Cfra Research raised Skyworks Solutions to a "moderate sell" rating in a report on Wednesday, August 6th. Susquehanna increased their price target on Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group started coverage on Skyworks Solutions in a report on Thursday, July 10th. They set a "sell" rating and a $70.00 price target for the company. Arete Research raised Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Citigroup raised their target price on Skyworks Solutions from $63.00 to $66.00 and gave the company a "sell" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $72.87.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $79.51 on Monday. Skyworks Solutions, Inc. has a one year low of $47.93 and a one year high of $101.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The business has a fifty day moving average of $74.07 and a two-hundred day moving average of $70.09. The company has a market cap of $11.80 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 1.78 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.Skyworks Solutions's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.71 per share. This is a boost 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 annualized dividend and a dividend yield of 3.6%. Skyworks Solutions's dividend payout ratio is presently 113.60%.

About Skyworks Solutions

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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