Latest news with #SkyworksSolutions
CNBC
3 days ago
- Business
- CNBC
Lightning Round: Cerence is a winner, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: Aurora Cannabis, Skyworks Solutions, Sezzle, Build-A-Bear Workshop, Cerence, Highpeak Energy, and Republic Services.
Yahoo
14-05-2025
- Business
- Yahoo
Skyworks Solutions, Inc. (SWKS): One of the Best Dividend Growth Stocks with High Yields
We recently published a list of the . In this article, we are going to take a look at where Skyworks Solutions, Inc. (NASDAQ:SWKS) stands against other best dividend growth stocks. Dividend-paying stocks have been gaining popularity among investors due to their long-term advantages. According to Jeremy Zirin, who leads the US equity team for private clients at UBS Asset Management, companies with a consistent track record of increasing dividends are a smart choice for investors seeking a balanced approach in the current market environment. When markets dipped in April after President Donald Trump announced new tariff policies, investors gravitated toward high-yield dividend stocks. However, as trade tensions began to ease and negotiations progressed, markets recovered. Stocks surged particularly after the US and China agreed to temporarily reduce tariffs. He made the following comment about dividend stocks: 'The higher-dividend-yielding strategies tend to do better when markets are in real turmoil and declining, but if there's more chop, more volatility and potentially upside … you don't want to be overly defensive.' Historically, companies that consistently increase their dividends have tended to be less volatile and often delivered stronger returns than the broader market, including benchmarks like the S&P Equal Weight Index. According to a report by Guggenheim, from May 2005 through December 2024, firms that either initiated or raised their dividends generated an average annual return of 10.5%. In contrast, companies that cut or suspended their payouts posted just 5.5% annually. The overall market returned 10.4% during this timeframe, slightly behind the dividend growers. The report also highlighted that dividend growth strategies have historically performed well in both rising and falling markets, making them an attractive option for investors focused on long-term gains and downside protection. According to a report by S&P Global, the growth of global dividend payments had been slowing since the post-COVID recovery, but that trend reversed last year. In 2024, the growth rate unexpectedly accelerated to 8%, with shareholders receiving approximately $180 billion more than the previous year. This increase came as a surprise given the persistent geopolitical and economic challenges. The report also highlighted that several sectors and regions saw record dividend initiations, including the US technology, media, and telecom (TMT) sector, banks in Italy and Spain, Japan's automotive industry, and a general rise in payouts from Mainland China. Even with extreme price fluctuations, dividend payments from the oil and gas sector remained strong. Looking ahead, the report suggested that this high level of dividends is likely to hold steady, with global payouts expected to remain at $2.3 trillion in 2025. With growing investor appetite for dividend-paying stocks, many companies have responded by gradually increasing their dividend payouts. A report by Janus Henderson revealed that global dividend payments reached a record $1.75 trillion in 2024, reflecting a 6.6% rise on an underlying basis. The overall growth rate came in at 5.2%, slightly held back by a drop in special one-time dividends and the effect of a stronger U.S. dollar. Out of the 49 countries covered in the report, 17—including major economies such as the US, Canada, France, Japan, and China—posted record-high dividend levels. In total, 88% of companies either raised or held their dividends steady over the year. A technician using a specialized tool to mount a wireless analog system on chip. For this list, we screened for dividend stocks with yields higher than 3% as of May 13. From this group, we further refined our selection criteria by identifying stocks with a dividend growth streak of 10 years or more. The stocks are ranked in ascending order of their dividend yields. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Dividend Yield as of May 13: 4.10% Skyworks Solutions, Inc. (NASDAQ:SWKS) is an American semiconductor company, headquartered in California. The company develops wireless chips used across various sectors, including mobile devices, automotive systems, home automation, wireless infrastructure, and industrial applications. As an integrated device manufacturer (IDM), the company handles both the design and production of its chips in-house, rather than relying on external foundries. In the first quarter of 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) reported revenue of $953.2 million, down 8.87% on a YoY basis. The revenue surpassed analysts' estimates by $1.7 million. The company's EPS came in at $1.24, beating consensus by $0.04. The company achieved key 5G design wins in high-end Android smartphones, securing placements in flagship models from brands such as Samsung Galaxy, Google Pixel, and Oppo. In addition, it strengthened its position in the Wi-Fi 7 market by gaining more design wins across a range of products, including enterprise access points, consumer routers, and home mesh networking systems. Skyworks Solutions, Inc. (NASDAQ:SWKS)'s cash position also came in strong. The company posted an operating cash flow and a free cash flow of $410 million and $371 million, respectively. Moreover, it ended the quarter with over $1.5 billion available in cash and cash equivalents. Its quarterly dividend comes in at $0.70 per share and has a dividend yield of 4.10%, as of May 13. The company holds a 10-year track record of consistent dividend growth, which makes SWKS one of the best dividend stocks on our list. Overall, SWKS ranks 13th on our list of the best dividend growth stocks with high yields. While we acknowledge the potential of SWKS as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than SWKS but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Here's Why Skyworks Solutions (SWKS) Slid in Q1
The London Company, an investment management company, released 'The London Company Mid Cap Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. After two years of robust earnings, US equities entered a correction territory in Q1. The portfolio declined 4.3% (-4.5%, net) during the quarter compared to a 3.4% decrease for the Russell Midcap Index. Sector exposure was a headwind to the strategy's relative performance in the quarter. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, The London Company Mid Cap Strategy highlighted stocks such as Skyworks Solutions, Inc. (NASDAQ:SWKS). Headquartered in Irvine, California, Skyworks Solutions, Inc. (NASDAQ:SWKS) designs, develops, and manufactures proprietary semiconductor products. The one-month return of Skyworks Solutions, Inc. (NASDAQ:SWKS) was 28.50%, and its shares lost 21.88% of their value over the last 52 weeks. On May 12, 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) stock closed at $73.04 per share with a market capitalization of $10.97 billion. The London Company Mid Cap Strategy stated the following regarding Skyworks Solutions, Inc. (NASDAQ:SWKS) in its Q1 2025 investor letter: "Skyworks Solutions, Inc. (NASDAQ:SWKS) - SWKS shares underperformed after it announced it would be losing sole control of an iPhone 17 component to a rival, cutting Apple revenue by -13%, though Apple still drives -70% of its sales. We still like SWKS for its tech strength, strong balance sheet, and capital allocation strategy." A technician using a specialized tool to mount a wireless analog system on chip. Skyworks Solutions, Inc. (NASDAQ:SWKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Skyworks Solutions, Inc. (NASDAQ:SWKS) at the end of the fourth quarter which was 31 in the previous quarter. In the second quarter of fiscal 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) reported revenue of $953 million, surpassing the midpoint of guidance range. While we acknowledge the potential of Skyworks Solutions, Inc. (NASDAQ:SWKS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Skyworks Solutions, Inc. (NASDAQ:SWKS) and shared the list of dividend stocks targeted by short sellers. Skyworks Solutions, Inc. (NASDAQ:SWKS) was the primary detractor to Vulcan Values' performance in Q1 2025. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Reuters
07-05-2025
- Business
- Reuters
Skyworks forecasts upbeat third-quarter results; appoints new CFO
May 7 (Reuters) - Apple supplier Skyworks Solutions (SWKS.O), opens new tab on Wednesday forecast third-quarter revenue and profit above Wall Street estimates, signaling resilient demand for its analog chips despite ongoing trade tensions. Separately, the company announced that Mark Dentinger will take over as chief financial officer, effective June 2, succeeding Kris Sennesael, who will step down effective Friday, to pursue another opportunity. Dentinger was earlier the CFO at data management firm Veritas. Shares of the California-based company were up 2.7% in extended trading. "We remain encouraged by ongoing momentum in our broad markets that is on track for another quarter of sequential growth and improving year-over-year trends," the company said. It added that the mobile business is expected to decline in the low single digits sequentially. Skyworks forecast third-quarter revenue to be between $920 million and $960 million, with the mid-point higher than analysts' estimate of $922 million, according to data compiled by LSEG. It also forecast an adjusted profit of $1.24 per share for the June quarter, above analysts' average estimate of $1.06 per share. Skyworks, which competes with chip firms such as NXP Semiconductors (NXPI.O), opens new tab, Qorvo (QRVO.O), opens new tab and Texas Instruments (TXN.O), opens new tab, designs and manufactures analog and mixed-signal chips used in wireless communication, automotive, industrial and consumer electronics. Skyworks' revenue in the second quarter was $953 billion, beating analysts' estimates of $951.5 million. It reported adjusted profit per share of $1.24, exceeding estimates of $1.20.
Business Wire
07-05-2025
- Business
- Business Wire
Western Digital Names Finance Executive Kris Sennesael as Chief Financial Officer
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital (Nasdaq: WDC) announced today that it has hired Kris Sennesael as Chief Financial Officer (CFO) effective May 12, 2025. With more than 25 years of experience in finance and general management across the semiconductor and technology industries, Sennesael most recently served as CFO at Skyworks Solutions. 'I am excited for Kris to join Western Digital. His tenure of being a hands-on leader and experience across all global markets will further strengthen our position moving forward,' said Irving Tan, Western Digital's Chief Executive Officer. 'I'm looking forward to his expertise and leadership as we build the future of Western Digital together, balancing investment for innovation and growth with operational efficiency to create sustainable, long-term shareholder value.' Sennesael will report directly to Tan and will lead Western Digital's global finance organization including finance, accounting, financial reporting, tax, treasury, internal audit, corporate real estate, and investor relations. In his prior role with Skyworks Solutions, Sennesael collaborated extensively with the Board of Directors, CEO, and the executive team to steer strategic initiatives aimed at creating shareholder value, and contributed to scaling the business through both organic and inorganic growth strategies. Prior to this role, he held the CFO position at both Enphase Energy and Standard Microsystems, and held leadership roles at ON Semiconductor, AMI Semiconductor, and Alcatel Microelectronics. About Western Digital Western Digital empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted by hyperscale cloud providers, enterprise data centers, content professionals and consumers around the world. Core to its values, the company recognizes the urgency to combat climate change and is on a mission to design storage technologies that not only meet today's data demands but also contribute to a more climate-conscious future. Follow Western Digital on LinkedIn and learn more at Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding expectations for: the company's future position and creation of shareholder value. These forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Key risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: adverse global or regional conditions, including new or additional tariffs or trade restrictions; volatility in demand for the company's products; inflation; increases in interest rates and an economic recession; future responses to and effects of global health crises; the impact of business and market conditions; the outcome and impact of the company's completed separation of the HDD and Flash businesses, including with respect to stock price volatility and the diversion of management's attention from ongoing business operations and opportunities; the impact of competitive products and pricing; the company's development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with cost saving initiatives, restructurings, acquisitions, divestitures, mergers, joint ventures and the company's strategic relationships; difficulties or delays in manufacturing or other supply chain disruptions; hiring and retention of key employees; the company's level of debt and other financial obligations; changes to the company's relationships with key customers; compromise, damage or interruption from cybersecurity incidents or other data system security risks; actions by competitors; any decisions to reduce or discontinue paying cash dividends; the company's ability to achieve its greenhouse gas emissions reduction and other sustainability goals; the impact of international conflicts; risks associated with compliance with changing legal and regulatory requirements and the outcome of legal proceedings; and other risks and uncertainties listed in the company's filings with the Securities and Exchange Commission (the 'SEC'), including the company's Annual Report on Form 10-K filed with the SEC on August 20, 2024 and Quarterly Report on Form 10-Q filed with the SEC on May 2, 2025, to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law. © 2025 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.
