Empowered Funds LLC Invests $1.52 Million in Skyworks Solutions, Inc. $SWKS

Empowered Funds LLC acquired a new stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,375 shares of the semiconductor manufacturer’s stock, valued at approximately $1,517,000.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Skyworks Solutions in the 2nd quarter worth $1,393,584,000. Pzena Investment Management LLC grew its stake in Skyworks Solutions by 27.6% during the 1st 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 during the last quarter. State Street Corp grew its stake in Skyworks Solutions by 1.0% during the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock valued at $418,557,000 after purchasing an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Skyworks Solutions by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock valued at $374,229,000 after purchasing an additional 137,506 shares during the period. Finally, FIL Ltd increased its holdings in shares of Skyworks Solutions by 50.5% in the fourth 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. 85.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on SWKS shares. JPMorgan Chase & Co. decreased their target price on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus reduced their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Mizuho cut their price objective on shares of Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and an average target price of $74.00.

Skyworks Solutions Trading Down 0.2%

Shares of SWKS stock opened at $71.50 on Friday. Skyworks Solutions, Inc. has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The stock’s fifty day moving average is $64.65 and its two-hundred day moving average is $64.35. The firm 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.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts expect 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.