Old West Investment Management LLC Takes $20.01 Million Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Old West Investment Management initiated a $20.01 million position in Skyworks Solutions, buying 295,073 shares, or approximately 0.20% of the company. Institutional investors collectively own 85.43% of SWKS.
• Skyworks beat 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.
• Analysts remain cautious, with Skyworks carrying a consensus “Hold” rating and an average price target of $74.22; recent target changes ranged from $52 to $72.

Old West Investment Management LLC purchased a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 295,073 shares of the semiconductor manufacturer's stock, valued at approximately $20,006,000. Skyworks Solutions makes up about 2.1% of Old West Investment Management LLC's holdings, making the stock its 11th biggest position. Old West Investment Management LLC owned approximately 0.20% of Skyworks Solutions at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SWKS. Pzena Investment Management LLC grew its stake in Skyworks Solutions by 27.6% during the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer's stock valued at $862,591,000 after acquiring an additional 3,481,658 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Skyworks Solutions in the 2nd quarter worth approximately $143,597,000. Norges Bank purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $121,304,000. FIL Ltd boosted its holdings in Skyworks Solutions by 50.5% in the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer's stock valued at $329,111,000 after purchasing an additional 1,742,338 shares during the period. Finally, Capital Research Global Investors bought a new position in Skyworks Solutions in the 4th quarter valued at $102,279,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $69.62 on Monday. The company's fifty day moving average price is $66.05 and its 200-day moving average price is $63.52. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 36.07 and a beta of 1.51. Skyworks Solutions, Inc. has a one year low of $51.93 and a one year high of $90.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating 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 firm had revenue of $934.80 million for the quarter, compared to analysts' expectations of $925.97 million. During the same quarter last year, the company posted $1.33 EPS. The business'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, equities research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Mizuho decreased their price target on shares of Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a report on Wednesday, July 29th. Royal Bank Of Canada dropped their price objective on Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 29th. UBS Group boosted their target price on Skyworks Solutions from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Finally, Morgan Stanley lowered their price target on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of "Hold" and an average target price of $74.22.

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.

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