Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 22,181 Skyworks Solutions, Inc. $SWKS

Key Points

• Connor Clark & Lunn Investment Management acquired 22,181 shares of Skyworks Solutions in the second quarter, worth approximately $1.5 million. Institutional investors and hedge funds collectively own 85.43% of the company.
• Analysts maintain a largely cautious outlook, with 18 Hold, four Buy, and two Sell ratings. The consensus price target is $74, compared with the stock’s reported price of $65.79.
• Skyworks exceeded quarterly earnings and revenue expectations, reporting $1.08 in EPS and $934.8 million in revenue, although revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,181 shares of the semiconductor manufacturer's stock, valued at approximately $1,504,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions during the 2nd quarter valued at approximately $1,393,584,000. Pzena Investment Management LLC grew its holdings in shares of Skyworks Solutions by 27.6% in the 1st quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer's stock worth $862,591,000 after acquiring an additional 3,481,658 shares during the period. State Street Corp increased its stake in Skyworks Solutions by 1.0% in the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer's stock valued at $418,557,000 after purchasing an additional 64,187 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Skyworks Solutions by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer's stock valued at $374,229,000 after purchasing an additional 137,506 shares in the last quarter. Finally, FIL Ltd raised its holdings in Skyworks Solutions by 50.5% during the fourth quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer's stock worth $329,111,000 after purchasing an additional 1,742,338 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

SWKS has been the topic of a number of research analyst reports. B. Riley Financial boosted their target price on Skyworks Solutions from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target 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. Stifel Nicolaus cut their price target on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. Craig Hallum boosted their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $74.00.

Skyworks Solutions Price Performance

SWKS stock opened at $65.79 on Friday. Skyworks Solutions, Inc. has a 1 year low of $51.93 and a 1 year high of $90.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The stock's 50 day moving average price is $64.91 and its 200 day moving average price is $64.13. The firm has a market cap of $9.90 billion, a P/E ratio of 34.09 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The firm had revenue of $934.80 million for the quarter, compared to analysts' expectations of $925.97 million. During the same quarter in the prior year, the firm earned $1.33 EPS. Skyworks Solutions's quarterly revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Skyworks Solutions Company 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.

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