Skyworks Solutions (NASDAQ:SWKS) Stock Price Target Raised at Royal Bank Of Canada

Skyworks Solutions (NASDAQ:SWKS) had its target price increased by equities researchers at Royal Bank Of Canada from $70.00 to $95.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 11.14% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. UBS Group boosted their price target on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Bank of America reiterated an “underperform” rating and issued a $65.00 target price on shares of Skyworks Solutions in a research note on Wednesday, July 29th. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, William Blair reissued a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $75.32.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $85.48 on Thursday. The company has a market capitalization of $12.86 billion, a PE ratio of 44.29, a PEG ratio of 2.42 and a beta of 1.52. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $73.56 and its 200-day moving average price is $67.91. Skyworks Solutions has a twelve month low of $51.93 and a twelve month high of $92.80.

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

Institutional Trading of Skyworks Solutions

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Skyworks Solutions in the 2nd quarter worth approximately $1,393,584,000. Pzena Investment Management LLC bought a new position in shares of Skyworks Solutions in the second quarter worth $1,082,972,000. Bank of America Corp DE purchased a new stake in shares of Skyworks Solutions in the second quarter worth $180,898,000. Bank of New York Mellon Corp bought a new stake in Skyworks Solutions during the second quarter valued at $143,597,000. Finally, Norges Bank bought a new stake in Skyworks Solutions during the fourth quarter valued at $121,304,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ:SWKS) is a semiconductor company that develops high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company’s products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.