Public Employees Retirement System of Ohio Purchases New Position in Skyworks Solutions, Inc. $SWKS

Public Employees Retirement System of Ohio acquired a new position in Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter, HoldingsChannel.com reports. The firm acquired 52,257 shares of the semiconductor manufacturer’s stock, valued at approximately $3,543,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Skyworks Solutions in the 2nd quarter worth $1,393,584,000. Pzena Investment Management LLC lifted its holdings 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. State Street Corp boosted its position in shares of Skyworks Solutions by 1.0% during the fourth quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock valued at $418,557,000 after buying an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Skyworks Solutions by 2.4% during 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 buying an additional 137,506 shares during the last quarter. Finally, FIL Ltd increased its holdings in 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 buying an additional 1,742,338 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $71.50 on Friday. Skyworks Solutions, Inc. has a 12-month low of $51.93 and a 12-month high of $90.90. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.52. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $64.65 and a 200 day moving average of $64.35.

Skyworks Solutions (NASDAQ:SWKS) last released 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 business had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, research analysts anticipate that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in 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 research report on Wednesday, July 29th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. William Blair restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 29th. Finally, KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.00.

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.