Skyworks Solutions (NASDAQ:SWKS) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Skyworks Solutions (NASDAQ:SWKS) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. UBS Group dropped their target price on Skyworks Solutions from $63.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Piper Sandler raised Skyworks Solutions from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $140.00 in a research report on Wednesday, October 29th. BNP Paribas Exane cut their target price on Skyworks Solutions from $73.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Barclays decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.50.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $62.16 on Monday. The business has a 50-day simple moving average of $61.74 and a 200-day simple moving average of $68.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.40. Skyworks Solutions has a one year low of $47.93 and a one year high of $90.90. The company has a market cap of $9.35 billion, a PE ratio of 23.91 and a beta of 1.33.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.14. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $999.02 million. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. On average, equities research analysts forecast that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 109.23%.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after purchasing an additional 389,168 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Skyworks Solutions by 2.9% during the fourth quarter. Pzena Investment Management LLC now owns 12,626,480 shares of the semiconductor manufacturer’s stock worth $800,645,000 after purchasing an additional 354,318 shares during the last quarter. State Street Corp lifted its holdings in shares of Skyworks Solutions by 1.0% during the fourth 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. grew its position in Skyworks Solutions by 2.4% in 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 buying an additional 137,506 shares during the last quarter. Finally, FIL Ltd increased its stake in Skyworks Solutions by 50.5% in the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock valued at $329,111,000 after buying an additional 1,742,338 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

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.