Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Target Price at $74.22

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have received a consensus recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $74.2222.

Several analysts have commented on SWKS shares. Royal Bank Of Canada decreased their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating for the company in a research note 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 on the stock in a research note on Wednesday, July 29th. Bank of America reissued an “underperform” rating and set a $65.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 29th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Finally, B. Riley Financial upped their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th.

Institutional Trading of Skyworks Solutions

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Skyworks Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after acquiring an additional 389,168 shares in the last quarter. Pzena Investment Management LLC boosted its position in Skyworks Solutions by 27.6% in the 1st quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after purchasing an additional 3,481,658 shares in the last quarter. State Street Corp grew its stake in shares of Skyworks Solutions by 1.0% during the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock worth $418,557,000 after purchasing an additional 64,187 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Skyworks Solutions by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock valued at $374,229,000 after purchasing an additional 137,506 shares in the last quarter. Finally, FIL Ltd increased its holdings in shares of Skyworks Solutions by 50.5% during the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after purchasing an additional 1,742,338 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 1.6%

Skyworks Solutions stock opened at $61.29 on Thursday. 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 business’s 50-day simple moving average is $67.90 and its two-hundred day simple moving average is $62.90. The company has a market cap of $9.22 billion, a PE ratio of 31.76 and a beta of 1.51. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts anticipate that Skyworks Solutions will post 3.62 EPS for the current year.

Skyworks Solutions Company Profile

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.