Skyworks Solutions (NASDAQ:SWKS) Upgraded at Zacks Research

Zacks Research upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks reports.

Several other brokerages also recently weighed in on SWKS. Stifel Nicolaus lowered their target price on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Susquehanna lowered their price objective on shares of Skyworks Solutions from $90.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group started coverage on Skyworks Solutions in a report on Wednesday. They issued a “sell” rating and a $78.00 price objective for the company. Citigroup reduced their price target on Skyworks Solutions from $90.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $77.28.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $82.19 on Wednesday. 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 $12.37 billion, a PE ratio of 72.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.51. 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’s 50 day simple moving average is $82.14 and its 200 day simple moving average is $68.17.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%. As a group, analysts expect that Skyworks Solutions will post 3.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Skyworks Solutions in the second quarter valued at about $1,393,584,000. Pzena Investment Management LLC bought a new position in Skyworks Solutions in the 2nd quarter worth $1,082,972,000. Bank of America Corp DE purchased a new position in Skyworks Solutions in the 2nd quarter worth about $180,898,000. Bank of New York Mellon Corp acquired a new stake in shares of Skyworks Solutions during the second quarter worth about $143,597,000. Finally, First Trust Advisors LP increased its position in shares of Skyworks Solutions by 51.7% during the 1st quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock worth $118,818,000 after purchasing an additional 756,280 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions News Summary

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Zacks upgraded Skyworks to Rank #1 (Strong Buy), citing improving earnings prospects; the upgrade could support investor optimism. All You Need to Know About Skyworks Rating Upgrade to Strong Buy
• Neutral Sentiment: Goldman Sachs was reported among institutions picking up SWKS shares, though the headline provides no details on the size or timing of the purchase. Skyworks Stock Picked Up by Analysts at The Goldman Sachs Group
• Negative Sentiment: Analyst caution is more widespread: Barclays cut its rating from Overweight to Equal Weight and set a $79 target, while TD Cowen maintained a Hold and RBC lowered its expectations. Susquehanna also issued a pessimistic forecast. Reports linked an analyst downgrade to a gap down in SWKS shares. Barclays rating TD Cowen rating RBC lowers expectations Susquehanna forecast
• Negative Sentiment: Weakness across handset-related stocks—including a sharp Qualcomm selloff after cautious guidance and concerns about handset demand—adds a sector headwind for Skyworks. Qualcomm and handset-sector news

Skyworks Solutions Company Profile

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.