Skyworks Solutions (NASDAQ:SWKS) Stock Gets Price Target Boost from Mizuho

Skyworks Solutions (NASDAQ:SWKS) had its price objective hoisted by equities research analysts at Mizuho from $52.00 to $61.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “underperform” rating on the semiconductor manufacturer’s stock. Mizuho’s target price would suggest a potential downside of 20.83% from the stock’s current price.

SWKS has been the subject of several other reports. UBS Group upped their target price on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Finally, William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.21.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded down $3.70 during trading hours on Friday, reaching $77.05. The company had a trading volume of 4,645,491 shares, compared to its average volume of 5,158,797. The firm has a market cap of $11.59 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 2.21 and a beta of 1.48. Skyworks Solutions has a 1-year low of $51.93 and a 1-year high of $92.80. The business’s 50 day moving average price is $76.09 and its 200-day moving average price is $69.13. 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 (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts forecast that Skyworks Solutions will post 3.62 EPS for the current year.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions in the 2nd quarter worth $1,393,584,000. Pzena Investment Management LLC raised its stake in Skyworks Solutions by 27.6% during the first 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 during the period. Dimensional Fund Advisors LP raised its position in shares of Skyworks Solutions by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock valued at $246,978,000 after buying an additional 753,004 shares during the period. Bank of America Corp DE purchased a new position in Skyworks Solutions in the second quarter worth approximately $180,898,000. Finally, First Trust Advisors LP increased its stake in Skyworks Solutions by 51.7% during the first quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock worth $118,818,000 after acquiring an additional 756,280 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ:SWKS) is a semiconductor company that develops high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company’s products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.