Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $90.00

Skyworks Solutions (NASDAQ:SWKS) had its price objective increased by Citigroup from $64.00 to $90.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor manufacturer’s stock.

A number of other research firms have also recently weighed in on SWKS. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. BMO Capital Markets assumed coverage on Skyworks Solutions in a research report on Friday, August 21st. They set a “market perform” rating and a $70.00 target price on the stock. Mizuho lowered their target price on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a report on Wednesday, July 29th. William Blair restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada lifted their price target on Skyworks Solutions from $70.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 1st. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $78.74.

Skyworks Solutions Trading Down 3.2%

Shares of SWKS stock opened at $80.75 on Tuesday. The business’s fifty day moving average price is $76.09 and its 200 day moving average price is $69.13. Skyworks Solutions has a 1-year low of $51.93 and a 1-year high of $92.80. The firm has a market capitalization of $12.15 billion, a PE ratio of 41.84, a P/E/G ratio of 2.21 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter last year, the company earned $1.33 earnings per share. Skyworks Solutions’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. As a group, sell-side analysts forecast that Skyworks Solutions will post 3.62 EPS for the current fiscal year.

Institutional Trading of Skyworks Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions during the second quarter worth $1,393,584,000. Pzena Investment Management LLC acquired a new position in Skyworks Solutions in the second quarter valued at $1,082,972,000. Bank of America Corp DE acquired a new position in Skyworks Solutions in the second quarter valued at $180,898,000. Bank of New York Mellon Corp acquired a new position in Skyworks Solutions in the second quarter valued at $143,597,000. Finally, Capital Research Global Investors purchased a new position in Skyworks Solutions during the fourth quarter worth about $102,279,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc (NASDAQ:SWKS) is a semiconductor company that develops high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company’s products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.