Skyworks Solutions (NASDAQ:SWKS) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a sell rating and a $78.00 price objective on the semiconductor manufacturer’s stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus decreased their price objective on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. TD Cowen cut their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Citigroup upped their target price on shares of Skyworks Solutions from $64.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. Finally, Mizuho set a $58.00 price objective on Skyworks Solutions in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Skyworks Solutions has an average rating of “Hold” and an average price target of $77.28.

Skyworks Solutions Trading Up 1.2%

Shares of SWKS opened at $82.19 on Wednesday. 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 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 price-to-earnings ratio of 72.10, a PEG ratio of 2.32 and a beta of 1.51. The company has a 50-day moving average of $82.14 and a 200 day moving average of $68.17.

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

Institutional Trading of Skyworks Solutions

Several institutional investors have recently modified their holdings of SWKS. Bank of America Corp DE lifted its holdings in Skyworks Solutions by 22.8% during the 1st quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock worth $114,032,000 after buying an additional 396,057 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in Skyworks Solutions by 177.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 68,838 shares of the semiconductor manufacturer’s stock valued at $5,559,000 after purchasing an additional 44,068 shares in the last quarter. BlackRock Inc. bought a new position in Skyworks Solutions in the second quarter worth about $1,393,584,000. Assenagon Asset Management S.A. lifted its holdings in Skyworks Solutions by 123.0% in the second quarter. Assenagon Asset Management S.A. now owns 241,542 shares of the semiconductor manufacturer’s stock worth $16,377,000 after purchasing an additional 133,217 shares during the period. Finally, Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth $1,082,972,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

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

About Skyworks Solutions

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.