Skyworks Solutions (NASDAQ:SWKS) Sets New 12-Month High – Still a Buy?

Skyworks Solutions, Inc. (NASDAQ:SWKS) shares hit a new 52-week high during trading on Wednesday. The stock traded as high as $92.80 and last traded at $90.9140, with a volume of 550920 shares trading hands. The stock had previously closed at $89.96.

Analyst Ratings Changes

SWKS has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price target on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Citigroup dropped their price objective on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. TD Cowen decreased their target price on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Finally, BMO Capital Markets initiated coverage on shares of Skyworks Solutions in a research note on Friday, August 21st. They set a “market perform” rating and a $70.00 target price on the stock. Four analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.00.

Skyworks Solutions Price Performance

The stock has a market capitalization of $13.21 billion, a P/E ratio of 45.50, a PEG ratio of 2.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The firm has a fifty day moving average price of $71.45 and a two-hundred day moving average price of $67.00.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. Skyworks Solutions’s revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, analysts expect that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently made changes to their positions in SWKS. Parkside Financial Bank & Trust grew its position in Skyworks Solutions by 108.4% during the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 206 shares during the period. Caitlin John LLC bought a new position in Skyworks Solutions in the second quarter worth approximately $27,000. J.Safra Asset Management Corp bought a new position in Skyworks Solutions in the second quarter worth approximately $28,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Skyworks Solutions during the 4th quarter worth $29,000. Finally, Hara Capital LLC purchased a new position in shares of Skyworks Solutions during the 2nd quarter worth $35,000. Institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.