Should You Hold Skyworks Solutions (SWKS)?

Investment management company Vulcan Value Partners recently released its first-quarter 2023 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all gained positive returns and outperformed their respective benchmark indexes in the first quarter. The fund’s Large-Cap Composite returned 14.0% net of fees and expenses, the Small Cap Composite returned 8.1% net, the Focus Composite returned 20.4% net, the Focus Plus composite returned 20.4%, and the All-Cap Composite returned 16.8% net. You can check the top 5 holdings of the fund to know its best picks in 2023.

Vulcan Value Partners highlighted stocks like Skyworks Solutions, Inc. (NASDAQ:SWKS) in the first quarter 2023 investor letter. Headquartered in Irvine, California, Skyworks Solutions, Inc. (NASDAQ:SWKS) engages in the business of semiconductor products. On May 4, 2023, Skyworks Solutions, Inc. (NASDAQ:SWKS) stock closed at $102.14 per share. One-month return of Skyworks Solutions, Inc. (NASDAQ:SWKS) was -8.27%, and its shares lost 3.38% of their value over the last 52 weeks. Skyworks Solutions, Inc. (NASDAQ:SWKS) has a market capitalization of $16.256 billion.

Vulcan Value Partners made the following comment about Skyworks Solutions, Inc. (NASDAQ:SWKS) in its Q1 2023 investor letter:

“Additionally, Skyworks Solutions, Inc. (NASDAQ:SWKS), Amazon, and TransDigm Group were all material contributors during the quarter. We have discussed these companies at length in prior letters. Skyworks Solutions has been successful at utilizing its advancement in cellular connectivity in other end markets such as the Internet of Things. All three of these companies are executing well, their theses are intact, and we are pleased to own them at a discount to our estimate of intrinsic value.”

Semiconductor, Technology, Component

Photo by Yogesh Phuyal on Unsplash

Skyworks Solutions, Inc. (NASDAQ:SWKS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held Skyworks Solutions, Inc. (NASDAQ:SWKS) at the end of the fourth quarter which was 39 in the previous quarter.

We discussed Skyworks Solutions, Inc. (NASDAQ:SWKS) in another article and shared the list of best dividend stocks of 2023. In addition, please check out our hedge fund investor letters Q1 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.