Pzena Investment Management LLC has increased its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.5% during the third quarter of 2023, acquiring an additional 64,519 shares. This brings the total number of shares held by the institutional investor to 12,272,162, which represents approximately 3.1% of its overall portfolio, making Skyworks its tenth largest position. At the end of the quarter, Pzena’s holdings in Skyworks were valued at around $944.7 million.
Several other institutional investors have also adjusted their holdings in Skyworks Solutions. Notably, Syon Capital LLC raised its position by an impressive 82.3%, now owning 13,165 shares worth $1.01 million after acquiring an additional 5,944 shares. Crestwood Advisors Group LLC established a new position valued at approximately $268,000, while NEOS Investment Management LLC increased its stake by 46.4%, bringing its total to 13,347 shares valued at around $1.03 million. Additionally, GSA Capital Partners LLP purchased a new stake in the company worth about $504,000. Guidance Capital Inc. also boosted its holdings by 5.1%, now owning 14,897 shares valued at $1.1 million. Overall, institutional investors and hedge funds control 85.43% of Skyworks Solutions’ stock.
Analysts Adjust Ratings and Price Targets
Equities analysts have recently weighed in on Skyworks Solutions. Barclays reduced its target price from $88.00 to $60.00 while maintaining an “equal weight” rating. Similarly, UBS Group lowered its price target from $63.00 to $58.00, assigning a “neutral” rating. KeyCorp decreased its price objective from $105.00 to $75.00, while Stifel Nicolaus reaffirmed a “hold” rating with a target price of $65.00, down from $72.00. TD Cowen also adjusted its target from $75.00 to $65.00, maintaining a “hold” rating.
According to MarketBeat.com, Skyworks Solutions has an average analyst rating of “Hold” with an average target price of $70.50. Among analysts, one has given a “Strong Buy” rating, three have issued a “Buy” rating, eighteen have rated it as “Hold,” and two have assigned a “Sell” rating.
Stock Performance and Financial Highlights
On Thursday, Skyworks Solutions shares opened at $62.00. The stock has seen a 52-week low of $47.93 and a high of $90.90. Financial metrics indicate a quick ratio of 1.80, a current ratio of 2.40, and a debt-to-equity ratio of 0.09. The company’s market capitalization stands at $9.32 billion, with a price-to-earnings (P/E) ratio of 23.85 and a beta of 1.33.
Skyworks Solutions last reported its quarterly earnings on February 3, 2023, revealing earnings per share (EPS) of $1.54, exceeding analysts’ expectations of $1.40 by $0.14. The company achieved a net margin of 9.73% and a return on equity of 11.72%, with revenue reaching $1.04 billion, surpassing estimates of $999.02 million. However, this revenue marked a 3.1% decline compared to the same quarter in the previous year.
Looking ahead, Skyworks has provided guidance for its second quarter of 2026, projecting an EPS of $1.04. Analysts forecast that the company will post an average EPS of $3.70 for the current year.
In addition to its financial performance, Skyworks Solutions has announced a quarterly dividend of $0.71, set to be paid on March 17, 2026. Shareholders of record on February 24, 2026, will qualify for this dividend. This represents an annualized dividend of $2.84 and a yield of 4.6%. Notably, the company’s dividend payout ratio currently stands at 109.23%.
Skyworks Solutions, Inc. is a prominent semiconductor manufacturer specializing in analog and mixed-signal semiconductors for the radio frequency (RF) and mobile communications sectors. Its product range includes power amplifiers, front-end modules, switches, filters, and low-noise amplifiers. The company serves a diverse clientele in mobile, Internet of Things (IoT), automotive, connected home, and industrial markets, with its headquarters located in Irvine, California.
