Skyworks Solutions (NASDAQ:SWKS) Stock Price Target Cut by Royal Bank Of Canada

Skyworks Solutions (NASDAQ:SWKS) had its target price lowered by Royal Bank Of Canada from $95.00 to $80.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the semiconductor manufacturer’s stock. Royal Bank Of Canada‘s price objective indicates a potential downside of 3.60% from the company’s current price.

A number of other brokerages have also weighed in on SWKS. Jefferies Financial Group lowered shares of Skyworks Solutions to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. dropped 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. Stifel Nicolaus cut their target price on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. UBS Group lifted their target price on Skyworks Solutions from $70.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Finally, Citigroup boosted their price target on Skyworks Solutions from $64.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Five research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $77.39.

Skyworks Solutions Trading Down 2.8%

Shares of SWKS stock traded down $2.41 during trading hours on Wednesday, hitting $82.99. 5,171,472 shares of the company were exchanged, compared to its average volume of 5,111,904. The firm has a fifty day moving average of $81.21 and a 200 day moving average of $67.81. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $92.80. The firm has a market cap of $12.49 billion, a PE ratio of 43.29, a PEG ratio of 2.32 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Analysts expect that Skyworks Solutions will post 3.61 earnings per share for the current year.

Hedge Funds Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in SWKS. Bank of America Corp DE raised its position in Skyworks Solutions by 22.8% in the first quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock valued at $114,032,000 after purchasing an additional 396,057 shares during the period. NorthCrest Asset Manangement LLC boosted its position in shares of Skyworks Solutions by 177.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 68,838 shares of the semiconductor manufacturer’s stock worth $5,559,000 after buying an additional 44,068 shares during the period. BlackRock Inc. purchased a new stake in shares of Skyworks Solutions in the second quarter worth about $1,393,584,000. Assenagon Asset Management S.A. grew its stake in shares of Skyworks Solutions by 123.0% in the second quarter. Assenagon Asset Management S.A. now owns 241,542 shares of the semiconductor manufacturer’s stock valued at $16,377,000 after buying an additional 133,217 shares in the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $1,082,972,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions News Summary

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: The Qorvo combination expands Skyworks’ RF portfolio and exposure to physical AI, defense, infrastructure and automotive. Management is targeting at least $500 million in annual cost synergies, with gross margins of 50%–55% within 24–36 months. Company results and merger plans
• Positive Sentiment: Some investors see scope for recovery: one analysis says Android exposure is bottoming and may shrink, while Apple-related business is outperforming and diversified growth markets are expanding—though supply constraints remain. Seeking Alpha analysis
• Neutral Sentiment: Fiscal Q4 adjusted EPS of $1.28 and revenue of about $1.05 billion edged past consensus, but both earnings and sales declined year over year. The beat offered limited reassurance against the softer outlook. Q4 results
• Negative Sentiment: The main catalyst for the selloff is first-quarter sales guidance below analyst expectations, with management citing a sluggish smartphone market. Investors are concerned that Android weakness and delayed merger benefits could weigh on near-term results. Reuters report on outlook
• Negative Sentiment: Analyst actions added pressure: Susquehanna cut its target to $75 with a neutral rating, while Goldman Sachs initiated coverage at sell with a $78 target. Analyst forecast changes

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.