Wedge Capital Management L L P NC Acquires 34,543 Shares of Skyworks Solutions, Inc. $SWKS

Key Points

• Wedge Capital Management increased its Skyworks Solutions stake by 28.5% in the second quarter, adding 34,543 shares to hold 155,757 shares valued at approximately $10.56 million. Institutional investors collectively own 85.43% of the company.
• Skyworks exceeded quarterly expectations with earnings of $1.08 per share versus the $1.03 consensus and revenue of $934.8 million, although revenue declined 3.1% year over year and earnings fell from $1.33 per share in the prior-year quarter.
• Analyst sentiment remains cautious: the stock carries an overall “Hold” rating with an average price target of $74.22, while shares recently opened at $69.68.

Wedge Capital Management L L P NC boosted its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 28.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,757 shares of the semiconductor manufacturer's stock after acquiring an additional 34,543 shares during the period. Wedge Capital Management L L P NC owned 0.10% of Skyworks Solutions worth $10,560,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SWKS. Pzena Investment Management LLC increased its stake in shares of 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 purchasing an additional 3,481,658 shares in the last quarter. Norges Bank purchased a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $121,304,000. FIL Ltd boosted its position in shares of Skyworks Solutions by 50.5% in the 4th 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 in the last quarter. Capital Research Global Investors bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $102,279,000. Finally, First Trust Advisors LP grew its stake in shares of Skyworks Solutions by 51.7% in the 1st quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer's stock worth $118,818,000 after buying an additional 756,280 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $69.68 on Thursday. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 36.10 and a beta of 1.51. The business's fifty day simple moving average is $66.33 and its two-hundred day simple moving average is $63.38. Skyworks Solutions, Inc. has a 12 month low of $51.93 and a 12 month high of $90.90. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09.

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

Wall Street Analyst Weigh In

SWKS has been the subject of a number of analyst reports. Weiss Ratings raised Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. KeyCorp downgraded Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Tuesday, July 14th. TD Cowen cut their target price on Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating on the stock in a research note on Wednesday, July 29th. UBS Group raised their price target on Skyworks Solutions from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Mizuho lowered their price target on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating for the company in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target 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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