Here are Skyworks Solutions (SWKS)’s Enduring Competitive Advantages

The London Company, an investment management company, released “The London Company Mid Cap Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned 10.3% gross (10.2% net) compared to a 4.8% return for the Russell Midcap Index. The portfolio outperformed the benchmark in a strong market environment, despite headwinds from factor performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

The London Company Mid Cap Strategy highlighted stocks like Skyworks Solutions, Inc. (NASDAQ:SWKS) in the second quarter 2023 investor letter. Headquartered in Irvine, California, Skyworks Solutions, Inc. (NASDAQ:SWKS) designs, develops, and manufactures proprietary semiconductor products. On August 2, 2023, Skyworks Solutions, Inc. (NASDAQ:SWKS) stock closed at $110.75 per share. One-month return of Skyworks Solutions, Inc. (NASDAQ:SWKS) was 1.90%, and its shares lost 2.44% of their value over the last 52 weeks. Skyworks Solutions, Inc. (NASDAQ:SWKS) has a market capitalization of $17.626 billion.

The London Company Mid Cap Strategy made the following comment about Skyworks Solutions, Inc. (NASDAQ:SWKS) in its second quarter 2023 investor letter:

Skyworks Solutions, Inc. (NASDAQ:SWKS) – SWKS underperformed during 02 reflecting slowing growth at smartphone manufacturers. In the most recent quarter, gross margins were temporarily impacted by a cut in fab utilization and the rightsizing of higher inventories. Looking longer-term, we believe SWKS’s expertise in RF semiconductor design and manufacturing, coupled with its broadening product portfolio are enduring competitive advantages.”

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Skyworks Solutions, Inc. (NASDAQ:SWKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 34 hedge fund portfolios held Skyworks Solutions, Inc. (NASDAQ:SWKS) at the end of first quarter which was 43 in the previous quarter.

We discussed Skyworks Solutions, Inc. (NASDAQ:SWKS) in another article and shared The London Company Mid Cap Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.