Pzena Investment Management LLC Buys Shares of 15,973,040 Skyworks Solutions, Inc. $SWKS

Pzena Investment Management LLC purchased a new position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,973,040 shares of the semiconductor manufacturer’s stock, valued at approximately $1,082,972,000. Skyworks Solutions accounts for about 3.2% of Pzena Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. Pzena Investment Management LLC owned 10.62% of Skyworks Solutions at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Jackson Creek Investment Advisors LLC acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $1,388,000. AlphaQuest LLC increased its position in shares of Skyworks Solutions by 662.4% during the fourth quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after acquiring an additional 46,357 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Skyworks Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock worth $1,338,198,000 after acquiring an additional 389,168 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Skyworks Solutions by 1,718.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock worth $7,980,000 after acquiring an additional 118,909 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Skyworks Solutions in the 4th quarter valued at $27,949,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays raised shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Loop Capital lifted their price target on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. B. Riley Financial boosted their price target on Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. TD Cowen reduced their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Finally, Mizuho decreased their price objective on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.22.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $67.73 on Tuesday. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. The firm has a fifty day simple moving average of $65.89 and a 200 day simple moving average of $63.58. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 35.09 and a beta of 1.51. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter last year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.