Skyworks Solutions (NASDAQ:SWKS – Get Free Report) had its target price lowered by equities research analysts at Citigroup from $90.00 to $79.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor manufacturer’s stock. Citigroup‘s target price indicates a potential downside of 4.73% from the company’s current price.
Several other analysts also recently weighed in on SWKS. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. UBS Group upped their price target on Skyworks Solutions from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Stifel Nicolaus dropped their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Skyworks Solutions in a research note on Wednesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $76.78.
View Our Latest Analysis on Skyworks Solutions
Skyworks Solutions Trading Down 2.9%
Shares of SWKS traded down $2.48 during trading on Wednesday, reaching $82.92. 10,020,089 shares of the company traded hands, compared to its average volume of 5,131,662. Skyworks Solutions has a twelve month low of $51.93 and a twelve month high of $92.80. The stock has a market cap of $12.48 billion, a PE ratio of 42.96, a price-to-earnings-growth ratio of 2.32 and a beta of 1.51. The stock has a 50-day simple moving average of $81.21 and a 200-day simple moving average of $67.81. 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 (NASDAQ:SWKS – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, analysts anticipate that Skyworks Solutions will post 3.61 earnings per share for the current year.
Hedge Funds Weigh In On Skyworks Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Skyworks Solutions during the second quarter worth approximately $1,393,584,000. Pzena Investment Management LLC acquired a new stake in Skyworks Solutions in the second quarter valued at approximately $1,082,972,000. Dimensional Fund Advisors LP raised its holdings in Skyworks Solutions by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock valued at $246,978,000 after acquiring an additional 753,004 shares in the last quarter. Bank of America Corp DE purchased a new position in Skyworks Solutions in the second quarter worth approximately $180,898,000. Finally, Bank of New York Mellon Corp purchased a new position in Skyworks Solutions in the second quarter worth approximately $143,597,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.
Trending Headlines about Skyworks Solutions
Here are the key news stories impacting Skyworks Solutions this week:
- Positive Sentiment: Skyworks says the Qorvo deal expands its RF portfolio and reach in markets including defense, infrastructure, automotive and physical AI. It is targeting at least $500 million in annual cost synergies and 50%–55% gross margins within 24–36 months, offering potential longer-term upside if it delivers. Skyworks Begins New Chapter Following Qorvo Combination
- Neutral Sentiment: Fiscal Q4 adjusted EPS of $1.28 and revenue of about $1.05 billion slightly exceeded analyst estimates, but both were lower year over year, limiting the reassurance from the beat. Skyworks Q4 Earnings Beat Estimates, Revenues Decline Y/Y
- Negative Sentiment: The main headwind is first-quarter sales guidance below expectations. A sluggish smartphone market and Android-related weakness are delaying the payoff from the Qorvo merger, prompting concern about near-term performance. Skyworks tumbles as sluggish smartphone market weighs on forecast
- Negative Sentiment: Several analysts cut their price targets after the results: RBC lowered its target to $80, Susquehanna to $75, and Goldman Sachs initiated coverage with a sell rating and a $78 target. The stock’s strong run this year may also leave it vulnerable if near-term expectations keep resetting. Analysts Lower Forecasts Following Q4 Results
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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