Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $70.00

Skyworks Solutions (NASDAQ:SWKSFree Report) had its target price boosted by UBS Group from $65.00 to $70.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.

Other equities analysts also recently issued research reports about the company. TD Cowen upped their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Loop Capital boosted their price target on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $70.00 in a report on Wednesday, April 22nd. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Finally, Stifel Nicolaus lifted their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.22.

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Skyworks Solutions Stock Down 0.3%

Skyworks Solutions stock opened at $62.28 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.70. The company’s 50-day moving average is $68.32 and its 200-day moving average is $62.85. The firm has a market capitalization of $9.37 billion, a PE ratio of 32.27 and a beta of 1.50. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $90.90.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its earnings results 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 net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the previous year, the firm posted $1.33 EPS. 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. Sell-side analysts anticipate that Skyworks Solutions will post 3.62 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s payout ratio is 147.15%.

Institutional Trading of Skyworks Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its holdings in Skyworks Solutions by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock worth $249,000 after buying an additional 163 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of Skyworks Solutions by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 200 shares in the last quarter. AAFMAA Wealth Management & Trust LLC boosted its position in shares of Skyworks Solutions by 3.2% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock valued at $468,000 after buying an additional 212 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Skyworks Solutions by 2.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock valued at $505,000 after buying an additional 213 shares during the last quarter. Finally, Unison Advisors LLC grew its holdings in Skyworks Solutions by 1.2% during the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock worth $986,000 after buying an additional 219 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

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About Skyworks Solutions

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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.

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