BMO Capital Markets initiated coverage on shares of Skyworks Solutions (NASDAQ:SWKS – Free Report) in a research note published on Friday morning, MarketBeat.com reports. The firm issued a market perform rating and a $70.00 price objective on the semiconductor manufacturer’s stock.
Several other brokerages have also weighed in on SWKS. JPMorgan Chase & Co. cut their target price on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Loop Capital boosted their price target on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. TD Cowen lowered their price target on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Weiss Ratings upgraded Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Finally, Citigroup cut their price objective on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.00.
Check Out Our Latest Report on Skyworks Solutions
Skyworks Solutions Price Performance
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The company had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Sell-side analysts predict that Skyworks Solutions will post 3.64 earnings per share for the current year.
Institutional Trading of Skyworks Solutions
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions during the second quarter valued at about $1,393,584,000. Pzena Investment Management LLC purchased a new stake in shares of Skyworks Solutions during the second quarter worth about $1,082,972,000. Bank of America Corp DE acquired a new position in shares of Skyworks Solutions in the second quarter worth about $180,898,000. Bank of New York Mellon Corp acquired a new position in shares of Skyworks Solutions in the second quarter worth about $143,597,000. Finally, Norges Bank purchased a new position in Skyworks Solutions in the fourth quarter valued at about $121,304,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.
Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.
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