Pzena Focused Value Strategy increased its existing position in Skyworks Solutions during the first quarter of 2026, buying on a dip driven by fears that elevated memory chip pricing could pressure smartphone volumes. The portfolio returned -4.7% net for the quarter, underperforming the Russell 1000 Value Index's 2.1% gain. Skyworks Solutions, a leading RF component supplier to smartphone manufacturers, closed at $76.18 per share on June 22, 2026, with a market capitalization of $11.46 billion. The stock was held by 35 hedge fund portfolios at quarter-end, down from 43 in the prior quarter.
Skyworks Solutions IncArticle mentions fear that elevated memory chip pricing could pressure smartphone volumes, which may affect Skyworks' demand, but the impact is speculative and not a concrete event.