Skyworks Solutions (NASDAQ:SWKS) Given New $75.00 Price Target at KeyCorp

Skyworks Solutions (NASDAQ:SWKS) had its target price lowered by equities research analysts at KeyCorp from $105.00 to $75.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. KeyCorp’s target price indicates a potential upside of 31.61% from the company’s previous close.

SWKS has been the topic of several other research reports. Citigroup raised shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and increased their price target for the stock from $66.00 to $105.00 in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Skyworks Solutions in a research report on Thursday, January 22nd. UBS Group lowered their price target on Skyworks Solutions from $80.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Morgan Stanley decreased their price objective on shares of Skyworks Solutions from $89.00 to $68.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Royal Bank Of Canada assumed coverage on shares of Skyworks Solutions in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $65.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.70.

Skyworks Solutions Stock Up 1.9%

Shares of NASDAQ:SWKS opened at $56.99 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.76 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $62.93 and a 200 day simple moving average of $69.61. The firm has a market cap of $8.54 billion, a PE ratio of 19.03 and a beta of 1.33. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.23. The firm had revenue of $1.10 billion for the quarter. Skyworks Solutions had a net margin of 11.67% and a return on equity of 12.01%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 earnings per share. On average, equities research analysts anticipate that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 4,945 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $62.28, for a total transaction of $307,974.60. Following the completion of the transaction, the senior vice president directly owned 19,824 shares of the company’s stock, valued at approximately $1,234,638.72. This trade represents a 19.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Reza Kasnavi sold 7,332 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $62.26, for a total value of $456,490.32. Following the completion of the sale, the executive vice president directly owned 26,087 shares in the company, valued at $1,624,176.62. This represents a 21.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of Skyworks Solutions

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Wealth LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter valued at $277,000. Drucker Wealth 3.0 LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $482,000. Crossmark Global Holdings Inc. increased its stake in Skyworks Solutions by 13.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 21,689 shares of the semiconductor manufacturer’s stock worth $1,375,000 after purchasing an additional 2,526 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Skyworks Solutions during the 4th quarter worth about $72,000. Finally, Crestwood Advisors Group LLC raised its holdings in Skyworks Solutions by 30.6% during the 4th quarter. Crestwood Advisors Group LLC now owns 4,548 shares of the semiconductor manufacturer’s stock worth $288,000 after buying an additional 1,065 shares during the period. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions News Summary

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

• Positive Sentiment: Q1 earnings and revenue topped estimates: EPS $1.54 vs. consensus $1.40 and revenue $1.04B vs. $999M consensus, signaling near-term outperformance. MarketBeat Q1 Results
• Positive Sentiment: Management raised Q2 guidance well above Street forecasts — EPS guidance of $1.04 vs. consensus ~$0.82 and revenue guidance $875–925M vs. ~$866M — citing stronger 5G-driven demand for Skyworks’ RF chips. Reuters: Guidance, 5G Demand
• Positive Sentiment: Board approved a quarterly dividend of $0.71 per share (annualized ~$2.84), implying roughly a 5.1% yield; ex-dividend date and record date Feb 24, payable Mar 17 — supports total-return interest for income investors.
• Neutral Sentiment: Investor and media coverage / earnings assessments and the full earnings call transcript are available for detail on product mix and channel commentary; useful for dissecting sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Morgan Stanley cut its price target from $89 to $68 and moved to an “equal weight” rating, signaling reduced near-to-medium-term upside in analyst models and adding selling pressure. Benzinga: MS Cut
• Negative Sentiment: Management and press noted higher inventory levels, which could indicate channel build or softer near-term sell-through and may pressure margins or future orders if not digested. MSN: Inventory Rise
• Negative Sentiment: On a year-over-year basis, revenue and EPS remain below last year (revenue down ~3.1% YoY; EPS lower than prior-year period), a reminder that beat vs. estimates does not equal cyclical recovery across all end markets. Zacks: Q1 Results

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.