Skyworks Solutions (NASDAQ:SWKS – Get Free Report) had its target price hoisted by stock analysts at Susquehanna from $65.00 to $90.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. Susquehanna’s target price would indicate a potential upside of 10.70% from the company’s current price.
Several other analysts have also recently commented on the company. Stifel Nicolaus lowered their price target on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Royal Bank Of Canada upped their price objective on shares of Skyworks Solutions from $70.00 to $95.00 and gave the company a “sector perform” rating in a research note on Thursday, October 1st. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. UBS Group raised their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $80.53.
Read Our Latest Stock Report on SWKS
Skyworks Solutions Price Performance
SWKS stock opened at $81.30 on Wednesday. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 2.16 and a beta of 1.48. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 52-week low of $51.93 and a 52-week high of $92.80. The stock’s fifty day simple moving average is $77.95 and its 200-day simple moving average is $70.47.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%. The firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. During the same period in the prior year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities research analysts expect that Skyworks Solutions will post 3.62 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Skyworks Solutions in the second quarter valued at $1,393,584,000. Pzena Investment Management LLC purchased a new stake in Skyworks Solutions during the second quarter valued at about $1,082,972,000. Dimensional Fund Advisors LP increased its stake in Skyworks Solutions by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock worth $246,978,000 after acquiring an additional 753,004 shares during the last quarter. Bank of America Corp DE acquired a new stake in Skyworks Solutions during the second quarter worth about $180,898,000. Finally, Bank of New York Mellon Corp acquired a new stake in Skyworks Solutions during the second quarter worth about $143,597,000. 85.43% of the stock is owned by hedge funds and other institutional investors.
About Skyworks Solutions
Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.
The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.
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