Pzena Investment Management LLC Grows Holdings in Skyworks Solutions, Inc. $SWKS

Pzena Investment Management LLC lifted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 27.6% in the first quarter, HoldingsChannel reports. The fund owned 16,108,138 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,481,658 shares during the quarter. Skyworks Solutions makes up 2.8% of Pzena Investment Management LLC’s holdings, making the stock its 10th largest holding. Pzena Investment Management LLC owned 0.11% of Skyworks Solutions worth $862,591,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Skyworks Solutions by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock worth $249,000 after purchasing an additional 163 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in Skyworks Solutions by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 200 shares in the last quarter. International Private Wealth Advisors LLC boosted its stake in Skyworks Solutions by 5.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 208 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Skyworks Solutions by 2.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 213 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of Skyworks Solutions by 16.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,672 shares of the semiconductor manufacturer’s stock worth $106,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 2.8%

NASDAQ:SWKS opened at $65.93 on Thursday. The stock has a fifty day simple moving average of $71.28 and a 200 day simple moving average of $63.38. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 27.36 and a beta of 1.50. Skyworks Solutions, Inc. has a 1-year low of $51.93 and a 1-year high of $90.90. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The firm had revenue of $943.70 million for the quarter, compared to the consensus estimate of $901.76 million. During the same quarter in the previous year, the company earned $1.24 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.61 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.71 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.3%. Skyworks Solutions’s payout ratio is currently 117.84%.

Wall Street Analysts Forecast Growth

SWKS has been the subject of several research reports. TD Cowen raised their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. BNP Paribas Exane upped their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Stifel Nicolaus upped their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.06.

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.