Pzena Investment Management LLC Invests $1.08 Billion in Skyworks Solutions, Inc. $SWKS

Pzena Investment Management LLC bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,973,040 shares of the semiconductor manufacturer’s stock, valued at approximately $1,082,972,000. Skyworks Solutions makes up 3.2% of Pzena Investment Management LLC’s holdings, making the stock its 6th biggest position. Pzena Investment Management LLC owned about 0.11% of Skyworks Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SWKS. Quest 10 Wealth Builders Inc. lifted its stake in Skyworks Solutions by 488.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 342 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Skyworks Solutions by 93.8% during the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 257 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth about $28,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions in the 2nd quarter valued at about $32,000. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Loop Capital boosted their price target on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Citigroup dropped their price objective on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Finally, William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $74.22.

Skyworks Solutions Price Performance

Shares of SWKS opened at $67.73 on Tuesday. The company’s 50-day moving average is $65.89 and its 200-day moving average is $63.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The firm has a market capitalization of $10.19 billion, a PE ratio of 35.09 and a beta of 1.51. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $1.33 EPS. Skyworks Solutions’s revenue 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. Equities analysts forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Skyworks Solutions Profile

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.