Skyworks Solutions (NASDAQ:SWKS) Stock Price Target Cut by Royal Bank Of Canada

Skyworks Solutions (NASDAQ:SWKS) had its target price decreased by research analysts at Royal Bank Of Canada from $95.00 to $80.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “sector perform” rating on the semiconductor manufacturer’s stock. Royal Bank Of Canada‘s price objective suggests a potential downside of 3.60% from the stock’s current price.

SWKS has been the topic of several other research reports. The Goldman Sachs Group set a $78.00 price target on Skyworks Solutions in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Skyworks Solutions in a research note on Wednesday, October 28th. Stifel Nicolaus reduced their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group downgraded Skyworks Solutions to a “buy” rating in a research report on Wednesday. Finally, Susquehanna lowered their target price on Skyworks Solutions from $90.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.39.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded down $2.41 during trading on Wednesday, hitting $82.99. 5,171,472 shares of the company were exchanged, compared to its average volume of 5,111,904. 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 has a 1 year low of $51.93 and a 1 year high of $92.80. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 2.32 and a beta of 1.51. The firm’s fifty day moving average price is $81.21 and its 200 day moving average price is $67.81.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. On average, sell-side analysts expect that Skyworks Solutions will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caitlin John LLC purchased a new position in Skyworks Solutions during the second quarter worth $27,000. Parkside Financial Bank & Trust raised its holdings in shares of Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 206 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Skyworks Solutions in the second quarter valued at $28,000. Fortitude Family Office LLC lifted its position in shares of Skyworks Solutions by 254.7% in the third quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 242 shares in the last quarter. Finally, Hara Capital LLC acquired a new stake in shares of Skyworks Solutions during the second quarter valued at $35,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Skyworks Solutions

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

• Positive Sentiment: The Qorvo combination expands Skyworks’ RF portfolio and exposure to physical AI, defense, infrastructure and automotive. Management is targeting at least $500 million in annual cost synergies, with gross margins of 50%–55% within 24–36 months. Company results and merger plans
• Positive Sentiment: Some investors see scope for recovery: one analysis says Android exposure is bottoming and may shrink, while Apple-related business is outperforming and diversified growth markets are expanding—though supply constraints remain. Seeking Alpha analysis
• Neutral Sentiment: Fiscal Q4 adjusted EPS of $1.28 and revenue of about $1.05 billion edged past consensus, but both earnings and sales declined year over year. The beat offered limited reassurance against the softer outlook. Q4 results
• Negative Sentiment: The main catalyst for the selloff is first-quarter sales guidance below analyst expectations, with management citing a sluggish smartphone market. Investors are concerned that Android weakness and delayed merger benefits could weigh on near-term results. Reuters report on outlook
• Negative Sentiment: Analyst actions added pressure: Susquehanna cut its target to $75 with a neutral rating, while Goldman Sachs initiated coverage at sell with a $78 target. Analyst forecast changes

Skyworks Solutions Company Profile

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.