Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target at $76.61

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been given a consensus rating of “Hold” by the twenty-three analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $76.6111.

A number of equities analysts have issued reports on SWKS shares. Royal Bank Of Canada upped their target price on Skyworks Solutions from $65.00 to $72.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 6th. B. Riley Financial increased their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Loop Capital upped their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Finally, Argus raised shares of Skyworks Solutions to a “hold” rating in a research report on Friday, February 6th.

Skyworks Solutions Trading Up 5.7%

NASDAQ SWKS opened at $74.35 on Friday. The stock has a market cap of $11.18 billion, a P/E ratio of 30.85 and a beta of 1.48. The company’s fifty day simple moving average is $59.87 and its 200-day simple moving average is $61.94. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 52 week low of $51.93 and a 52 week high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The firm had revenue of $943.70 million for the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Equities research analysts predict that Skyworks Solutions will post 3.53 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, May 26th. Skyworks Solutions’s payout ratio is 117.84%.

Hedge Funds Weigh In On Skyworks Solutions

Several large investors have recently added to or reduced their stakes in SWKS. United Services Automobile Association acquired a new position in shares of Skyworks Solutions during the first quarter valued at $236,000. Focus Partners Wealth grew its stake in shares of Skyworks Solutions by 99.0% in the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 4,702 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Skyworks Solutions by 137.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock worth $171,000 after purchasing an additional 1,330 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in Skyworks Solutions during the second quarter valued at approximately $259,000. Finally, Gabelli Funds LLC bought a new stake in Skyworks Solutions during the second quarter worth approximately $1,004,000. 85.43% of the stock is currently owned by institutional investors.

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.