Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Free Report)’s share price was down 9.3% on Monday . The stock traded as low as $80.92 and last traded at $80.0930. 2,127,342 shares were traded during trading, a decline of 55% from the average daily volume of 4,735,768 shares. The stock had previously closed at $88.35.
More Skyworks Solutions News
Here are the key news stories impacting Skyworks Solutions this week:
- Positive Sentiment: The proposed Skyworks-Qorvo merger is reportedly entering its final stages, giving investors a potential catalyst tied to greater scale, cost efficiencies and a stronger position in radio-frequency semiconductor markets. Skyworks Solutions and Qorvo surge as merger enters final stages
- Positive Sentiment: Skyworks is benefiting from a broad rally in smartphone-chip stocks, with investors also bidding up Qorvo and Qualcomm. The sector strength is notable because large-cap technology shares were generally lower, suggesting company- and industry-specific buying. Smartphone Chip Stocks Rally While Large-Cap Technology Slips
- Positive Sentiment: The stock resumed its advance after a one-day setback, with momentum carrying it to the top of the S&P 500’s daily performers. Skyworks Solutions Stock Tops S&P 500
- Neutral Sentiment: Heavy short interest may be amplifying the rally, as positive merger news or sector momentum could prompt short sellers to cover positions. This can support near-term gains but also increase volatility. These 10 Stocks Are Squeeze Candidates Waiting to Happen
- Negative Sentiment: Risks include the shares trading above recent analyst price targets, a reduced dividend, increased leverage and reported insider selling. A sharp decline the previous day also highlights the possibility that the current rally is overextended. Skyworks Is Trading 18% Above Its Own Price Target
Wall Street Analyst Weigh In
SWKS has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. TD Cowen reduced their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus decreased their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Finally, Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.00.
Skyworks Solutions Trading Up 13.6%
The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $13.54 billion, a P/E ratio of 46.63, a PEG ratio of 2.18 and a beta of 1.52. The business has a 50 day moving average of $67.15 and a 200-day moving average of $65.45.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.
Hedge Funds Weigh In On Skyworks Solutions
A number of large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in Skyworks Solutions by 154.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,115 shares of the semiconductor manufacturer’s stock valued at $1,364,000 after acquiring an additional 12,203 shares during the period. NewEdge Advisors LLC lifted its holdings in Skyworks Solutions by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer’s stock valued at $537,000 after purchasing an additional 145 shares during the last quarter. Allworth Financial LP boosted its position in Skyworks Solutions by 22.1% during the second quarter. Allworth Financial LP now owns 2,792 shares of the semiconductor manufacturer’s stock worth $189,000 after purchasing an additional 505 shares during the period. Arizona State Retirement System boosted its position in Skyworks Solutions by 0.8% during the second quarter. Arizona State Retirement System now owns 41,501 shares of the semiconductor manufacturer’s stock worth $2,814,000 after purchasing an additional 319 shares during the period. Finally, Empirical Finance LLC increased its holdings in shares of Skyworks Solutions by 3.2% in the second quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer’s stock valued at $393,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.
About Skyworks Solutions
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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