Public Employees Retirement System of Ohio Invests $3.54 Million in Skyworks Solutions, Inc. $SWKS

Key Points

• Public Employees Retirement System of Ohio acquired 52,257 Skyworks Solutions shares worth approximately $3.54 million. Institutional investors now own 85.43% of the semiconductor company.
• Analyst sentiment remains cautious: Skyworks has an average “Hold” rating and a consensus price target of $74, with several firms recently lowering their targets.
• Skyworks exceeded quarterly expectations with $1.08 in EPS and $934.8 million in revenue, but revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Public Employees Retirement System of Ohio acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 52,257 shares of the semiconductor manufacturer's stock, valued at approximately $3,543,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Skyworks Solutions during the second quarter valued at about $1,393,584,000. Pzena Investment Management LLC bought a new position in shares of Skyworks Solutions in the second quarter worth $1,082,972,000. Bank of America Corp DE bought a new position in Skyworks Solutions in the 2nd quarter worth about $180,898,000. Bank of New York Mellon Corp purchased a new stake in Skyworks Solutions in the second quarter valued at approximately $143,597,000. Finally, Norges Bank bought a new stake in shares of Skyworks Solutions during the 4th quarter worth $121,304,000. Institutional investors own 85.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SWKS. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. UBS Group boosted their price target on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. BMO Capital Markets initiated coverage on Skyworks Solutions in a research note on Friday, August 21st. They issued a "market perform" rating and a $70.00 price target on the stock. Finally, Citigroup decreased their price objective on Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $74.00.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $71.50 on Friday. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $10.76 billion, a P/E ratio of 37.05, a PEG ratio of 1.97 and a beta of 1.52. The stock's 50 day moving average is $64.65 and its 200 day moving average is $64.35. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90.

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

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.

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