Skyworks Solutions (NASDAQ:SWKS) Raised to “Hold” at BMO Capital Markets

Skyworks Solutions (NASDAQ:SWKS) was upgraded by investment analysts at BMO Capital Markets to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently weighed in on SWKS. Citigroup cut their target price on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. TD Cowen dropped their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. BNP Paribas Exane upped their price objective on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. Finally, Royal Bank Of Canada cut their price target on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.00.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $67.14 on Thursday. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 34.79 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The business has a 50-day moving average of $65.50 and a 200 day moving average of $63.86. Skyworks Solutions has a 12 month low of $51.93 and a 12 month high of $90.90.

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

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of SWKS. Caitlin John LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth $27,000. Quest 10 Wealth Builders Inc. increased its holdings in Skyworks Solutions by 488.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 342 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Skyworks Solutions in the second quarter valued at $28,000. CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions in the second quarter valued at $32,000. Finally, MUFG Securities EMEA plc purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $33,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

About Skyworks Solutions

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.