Pzena Investment Management LLC Purchases 4,444,747 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Pzena Investment Management LLC increased its stake in Skyworks Solutions by 57.3% during the second quarter, acquiring an additional 4,444,747 shares to bring its total to approximately 12.2 million shares.
• The semiconductor company reported earnings per share of $1.33 for its last quarter, exceeding analysts' expectations, with revenue reaching $965 million.
• Skyworks Solutions has recently increased its quarterly dividend from $0.70 to $0.71 per share, reflecting a yield of 4.1% despite a high dividend payout ratio of 113.60%.

Pzena Investment Management LLC lifted its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 57.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,207,643 shares of the semiconductor manufacturer's stock after acquiring an additional 4,444,747 shares during the quarter. Skyworks Solutions makes up about 3.0% of Pzena Investment Management LLC's investment portfolio, making the stock its 11th largest position. Pzena Investment Management LLC owned approximately 8.13% of Skyworks Solutions worth $909,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Park Place Capital Corp raised its stake in Skyworks Solutions by 62.1% in the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 141 shares during the period. Horizon Investments LLC raised its stake in Skyworks Solutions by 2.8% in the first quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock valued at $349,000 after buying an additional 146 shares during the period. Keeley Teton Advisors LLC raised its stake in Skyworks Solutions by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer's stock valued at $1,096,000 after buying an additional 178 shares during the period. Ridgewood Investments LLC raised its stake in Skyworks Solutions by 27.9% in the first quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock valued at $56,000 after buying an additional 188 shares during the period. Finally, Inspire Advisors LLC raised its stake in Skyworks Solutions by 1.3% in the first quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock valued at $952,000 after buying an additional 194 shares during the period. Institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SWKS. Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a research note on Thursday, August 14th. Mizuho upped their price objective on Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Cfra Research upgraded Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. UBS Group increased their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Wall Street Zen upgraded Skyworks Solutions from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of "Reduce" and a consensus target price of $72.87.

Skyworks Solutions Trading Down 6.1%

Shares of NASDAQ:SWKS opened at $69.16 on Monday. The company has a market capitalization of $10.27 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.39 and a beta of 1.20. Skyworks Solutions, Inc. has a 1 year low of $47.93 and a 1 year high of $101.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.39 and a quick ratio of 1.80. The business's 50 day simple moving average is $74.89 and its 200 day simple moving average is $70.56.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, August 26th were given a dividend of $0.71 per share. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, August 26th. Skyworks Solutions's dividend payout ratio (DPR) is currently 113.60%.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

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