Skyworks Solutions (NASDAQ:SWKS) Shares Up 11.1% – What’s Next?

Skyworks Solutions, Inc. (NASDAQ:SWKS) shot up 11.1% on Friday . The stock traded as high as $81.11 and last traded at $81.7150. 2,964,061 shares were traded during mid-day trading, a decline of 25% from the average session volume of 3,947,978 shares. The stock had previously closed at $73.54.

Wall Street Analyst Weigh In

Several research firms have weighed in on SWKS. KeyCorp increased their price objective on Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on Skyworks Solutions from $65.00 to $72.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 6th. Morgan Stanley increased their price objective on Skyworks Solutions from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Citigroup raised their target price on Skyworks Solutions from $63.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Argus upgraded Skyworks Solutions to a “hold” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.61.

Skyworks Solutions Trading Up 12.1%

The firm has a market cap of $12.40 billion, a P/E ratio of 34.20 and a beta of 1.48. The stock has a fifty day simple moving average of $60.78 and a 200 day simple moving average of $62.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results 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 business had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. On average, research analysts expect that Skyworks Solutions, Inc. will post 3.55 earnings per share 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 paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 117.84%.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently modified their holdings of SWKS. United Services Automobile Association purchased a new position in shares of Skyworks Solutions in the 1st quarter worth $236,000. Focus Partners Wealth boosted 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 buying an additional 4,702 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 1,330 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $259,000. Finally, Gabelli Funds LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $1,004,000. 85.43% of the stock is currently owned by hedge funds and other 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.