Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Average Recommendation of “Hold” from Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Free Report) have been assigned a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $74.00.

SWKS has been the topic of a number of analyst reports. Citigroup decreased their price objective on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Bank of America restated an “underperform” rating and issued a $65.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 29th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. BMO Capital Markets began coverage on shares of Skyworks Solutions in a report on Friday, August 21st. They set a “market perform” rating and a $70.00 price target for the company. Finally, Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th.

Read Our Latest Research Report on Skyworks Solutions

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Skyworks Solutions during the second quarter worth approximately $1,393,584,000. Pzena Investment Management LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at $1,082,972,000. Bank of America Corp DE purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at $180,898,000. Bank of New York Mellon Corp acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth $143,597,000. Finally, Norges Bank acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth $121,304,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $87.81 on Friday. Skyworks Solutions has a 52 week low of $51.93 and a 52 week high of $92.80. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $71.45 and its 200 day simple moving average is $67.00. The firm has a market capitalization of $13.21 billion, a PE ratio of 45.50, a P/E/G ratio of 2.47 and a beta of 1.52.

Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same period last year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities research analysts predict that Skyworks Solutions will post 3.64 EPS for the current fiscal year.

Skyworks Solutions Company Profile

(Get Free Report)

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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