Skyworks Solutions, Inc. $SWKS Shares Sold by Pzena Investment Management LLC

Key Points

• Pzena Investment Management cut its Skyworks stake by 13.8%, selling about 2.2 million shares in the third quarter. It still held 13.77 million shares, worth roughly $1.18 billion and representing 3.5% of its portfolio.
• Analyst sentiment is cautious: the consensus rating is Hold, with an average price target of $76.78. Recent target cuts from RBC and Citi contrast with B. Riley’s upgrade to Buy.
• Skyworks narrowly beat quarterly EPS and revenue estimates, reporting $1.28 per share and $1.05 billion in revenue, but year-over-year declines and below-expectation sales guidance weighed on the near-term outlook.

Pzena Investment Management LLC trimmed its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,770,090 shares of the semiconductor manufacturer's stock after selling 2,202,950 shares during the period. Skyworks Solutions accounts for approximately 3.5% of Pzena Investment Management LLC's portfolio, making the stock its 5th largest holding. Pzena Investment Management LLC owned 9.15% of Skyworks Solutions worth $1,177,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in Skyworks Solutions by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer's stock valued at $537,000 after buying an additional 145 shares in the last quarter. North Dakota State Investment Board lifted its stake in Skyworks Solutions by 3.3% during the third quarter. North Dakota State Investment Board now owns 4,598 shares of the semiconductor manufacturer's stock worth $393,000 after purchasing an additional 148 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Skyworks Solutions by 3.2% in the 2nd quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer's stock worth $393,000 after acquiring an additional 182 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Skyworks Solutions by 108.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 206 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC lifted its stake in Skyworks Solutions by 3.2% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer's stock worth $468,000 after purchasing an additional 212 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of recent research reports. BMO Capital Markets started coverage on Skyworks Solutions in a research note on Friday, August 21st. They issued a "market perform" rating and a $70.00 target price for the company. Royal Bank Of Canada cut their target price on Skyworks Solutions from $95.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Citigroup decreased their target price on Skyworks Solutions from $90.00 to $79.00 and set a "neutral" rating for the company in a report on Wednesday. Morgan Stanley set a $93.00 price objective on shares of Skyworks Solutions in a research report on Wednesday. Finally, B. Riley Financial upgraded shares of Skyworks Solutions from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $68.00 to $107.00 in a report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has an average rating of "Hold" and an average target price of $76.78.

More Skyworks Solutions News

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Skyworks reported fiscal Q4 non-GAAP EPS of $1.28 and revenue of about $1.05 billion, narrowly exceeding analyst estimates. The company also highlighted potential annual cost synergies of at least $500 million from the Qorvo combination. Article
• Positive Sentiment: Management is targeting 50%–55% gross margins within 24–36 months, while pointing to growth opportunities in AI data centers, premium smartphones, and other diversified markets. These are longer-term prospects rather than an immediate fix for the weak outlook. Article
• Negative Sentiment: Fiscal Q4 revenue and earnings declined year over year, and first-quarter sales guidance came in below expectations. Investors are weighing this near-term contraction against the time and costs required to integrate Qorvo. Article
• Negative Sentiment: Analysts flagged Android weakness and a sluggish smartphone market, which could delay the merger’s benefits. Citigroup, RBC, and Susquehanna lowered price targets, while Goldman Sachs initiated coverage with a sell rating. Article

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $82.92 on Thursday. The firm has a market capitalization of $12.48 billion, a PE ratio of 72.74, a P/E/G ratio of 2.33 and a beta of 1.51. Skyworks Solutions, Inc. has a 52 week low of $51.93 and a 52 week high of $92.80. 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 50 day moving average price of $81.55 and a 200-day moving average price of $67.93.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. Skyworks Solutions had a return on equity of 9.68% and a net margin of 4.35%. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. As a group, equities research analysts expect that Skyworks Solutions, Inc. will post 3.52 earnings per share for the current year.

Skyworks Solutions Profile

Skyworks Solutions, Inc NASDAQ: SWKS is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.

Want to see what other hedge funds are holding SWKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.