NorthCrest Asset Manangement LLC Trims Stock Position in Skyworks Solutions, Inc. $SWKS

NorthCrest Asset Manangement LLC cut its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 28.8% in the 2nd quarter, Holdings Channel reports. The fund owned 52,203 shares of the semiconductor manufacturer’s stock after selling 21,151 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Skyworks Solutions were worth $4,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC purchased a new stake in Skyworks Solutions during the 4th quarter valued at approximately $37,000. MassMutual Private Wealth & Trust FSB raised its stake in Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in Skyworks Solutions by 450.7% during the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer’s stock valued at $50,000 after acquiring an additional 631 shares during the last quarter. Costello Asset Management INC raised its stake in Skyworks Solutions by 61.1% during the 1st quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer’s stock valued at $51,000 after acquiring an additional 300 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in Skyworks Solutions during the 4th quarter valued at approximately $71,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $77.03 on Friday. 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 stock has a fifty day moving average of $73.22 and a two-hundred day moving average of $69.58. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 1.67 and a beta of 1.17. Skyworks Solutions, Inc. has a fifty-two week low of $47.93 and a fifty-two week high of $101.50.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.71 per share. 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 was Tuesday, August 26th. Skyworks Solutions’s payout ratio is 113.60%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of analyst reports. Wall Street Zen downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, September 8th. Susquehanna increased their target price on Skyworks Solutions from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup increased their target price on Skyworks Solutions from $63.00 to $66.00 and gave the stock a “sell” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group began coverage on Skyworks Solutions in a research note on Thursday, July 10th. They issued a “sell” rating and a $70.00 price objective for the company. Finally, Mizuho raised their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. One 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 issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus 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.