Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) PT at $74.00

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been assigned a consensus rating of “Hold” from the twenty-four brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $74.00.

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their price target on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. UBS Group upped their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada dropped their price target on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings raised Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $88.76 on Friday. Skyworks Solutions has a 52-week low of $51.93 and a 52-week high of $92.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The stock has a market cap of $13.36 billion, a P/E ratio of 45.99, a P/E/G ratio of 2.44 and a beta of 1.52. The firm has a 50 day moving average price of $68.89 and a 200 day moving average price of $66.06.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The company had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. During the same period last year, the business posted $1.33 earnings per share. The business’s revenue for the quarter 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. Analysts expect that Skyworks Solutions will post 3.64 EPS for the current year.

Hedge Funds Weigh In On Skyworks Solutions

A number of large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Skyworks Solutions by 154.2% in the second quarter. Sequoia Financial Advisors LLC now owns 20,115 shares of the semiconductor manufacturer’s stock valued at $1,364,000 after purchasing an additional 12,203 shares during the last quarter. NewEdge Advisors LLC lifted its position in Skyworks Solutions by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer’s stock worth $537,000 after buying an additional 145 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Skyworks Solutions by 22.1% during the 2nd quarter. Allworth Financial LP now owns 2,792 shares of the semiconductor manufacturer’s stock worth $189,000 after buying an additional 505 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Skyworks Solutions by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 41,501 shares of the semiconductor manufacturer’s stock worth $2,814,000 after buying an additional 319 shares during the last quarter. Finally, Empirical Finance LLC grew its stake in 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 in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Company Profile

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.