Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $61.00

Skyworks Solutions (NASDAQ:SWKS) had its price objective boosted by Mizuho from $52.00 to $61.00 in a report published on Friday,Benzinga reports. The brokerage currently has an underperform rating on the semiconductor manufacturer’s stock.

Several other analysts have also recently weighed in on SWKS. Stifel Nicolaus cut their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Bank of America restated an “underperform” rating and issued a $65.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 29th. William Blair reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their target price on shares of Skyworks Solutions from $70.00 to $95.00 and gave the company a “sector perform” rating in a research note on Thursday, October 1st. Finally, Morgan Stanley cut their target price on shares of Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.21.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $76.35 on Friday. The stock has a market cap of $11.49 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 2.02 and a beta of 1.48. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $92.80. The stock has a 50 day simple moving average of $76.37 and a two-hundred day simple moving average of $69.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.05. The firm had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, analysts forecast that Skyworks Solutions will post 3.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Bill Few Associates Inc. purchased a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $262,000. Wedmont Private Capital raised its stake in Skyworks Solutions by 363.1% during the third quarter. Wedmont Private Capital now owns 15,380 shares of the semiconductor manufacturer’s stock valued at $1,242,000 after buying an additional 12,059 shares during the last quarter. GAMMA Investing LLC raised its stake in Skyworks Solutions by 54.6% during the third quarter. GAMMA Investing LLC now owns 6,857 shares of the semiconductor manufacturer’s stock valued at $586,000 after buying an additional 2,423 shares during the last quarter. Atwood & Palmer Inc. raised its stake in Skyworks Solutions by 71.2% during the third quarter. Atwood & Palmer Inc. now owns 601 shares of the semiconductor manufacturer’s stock valued at $51,000 after buying an additional 250 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Skyworks Solutions in the second quarter worth $218,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

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.