Citigroup Issues Positive Forecast for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Key Points

• Citigroup raised Skyworks Solutions’ price target to $90 from $64 but maintained a neutral rating, implying 10.61% upside from the prior close.
• Analyst sentiment remains cautious overall: Skyworks has an average rating of “Hold” and a consensus price target of $78.74, with 17 analysts issuing hold ratings.
• Skyworks exceeded quarterly estimates with $1.08 EPS and $934.8 million in revenue, though revenue declined 3.1% year over year and the stock fell 3.0% to $81.36 in Tuesday trading.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price target lifted by Citigroup from $64.00 to $90.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor manufacturer's stock. Citigroup's target price points to a potential upside of 10.61% from the company's previous close.

Several other equities research analysts also recently weighed in on SWKS. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their target price on Skyworks Solutions from $70.00 to $95.00 and gave the company a "sector perform" rating in a research note on Thursday, October 1st. Mizuho dropped their target price on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a report on Wednesday, July 29th. UBS Group upped their price target on Skyworks Solutions from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $78.74.

Skyworks Solutions Stock Down 3.0%

Shares of NASDAQ SWKS traded down $2.55 during midday trading on Tuesday, hitting $81.36. The company's stock had a trading volume of 6,108,983 shares, compared to its average volume of 5,094,043. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $92.80. The business's fifty day simple moving average is $74.92 and its two-hundred day simple moving average is $68.54. 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 firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 2.42 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. The company had revenue of $934.80 million for 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 quarter in the prior year, the business earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities analysts predict that Skyworks Solutions will post 3.64 EPS for the current year.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in SWKS. Envestnet Portfolio Solutions Inc. purchased a new position in Skyworks Solutions in the 2nd quarter valued at approximately $218,000. Sequoia Financial Advisors LLC raised its stake in shares of Skyworks Solutions by 154.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,115 shares of the semiconductor manufacturer's stock worth $1,364,000 after buying an additional 12,203 shares during the last quarter. NewEdge Advisors LLC grew its stake in Skyworks Solutions by 1.9% in the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer's stock valued at $537,000 after acquiring an additional 145 shares during the last quarter. Allworth Financial LP grew its stake in Skyworks Solutions by 22.1% in the 2nd quarter. Allworth Financial LP now owns 2,792 shares of the semiconductor manufacturer's stock valued at $189,000 after acquiring an additional 505 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Skyworks Solutions by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 41,501 shares of the semiconductor manufacturer's stock valued at $2,814,000 after acquiring an additional 319 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

More Skyworks Solutions News

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

• Positive Sentiment: Skyworks completed its combination with Qorvo, creating a larger RF, power-management and analog semiconductor company. Management expects at least $500 million in annual cost synergies within three years, broader technology offerings and immediate non-GAAP earnings-per-share accretion. Skyworks Completes Combination with Qorvo
• Positive Sentiment: B. Riley upgraded Skyworks Solutions (SWKS) from “neutral” to “buy” and raised its price target from $68 to $107, signaling confidence that the Qorvo transaction can improve the company’s earnings and competitive position. Skyworks Stock Moved Up to Buy by B. Riley Financial
• Positive Sentiment: Jim Cramer called the newly combined RF chipmaker a buy, providing favorable investor visibility shortly after the merger closed. Cramer Says Semiconductor Stock Is a Buy
• Neutral Sentiment: Citigroup raised its price target for SWKS to $90 from $64 but retained a neutral rating, reflecting improved valuation potential while maintaining caution about execution and industry conditions. Citigroup Adjusts Skyworks Price Target
• Negative Sentiment: The Qorvo merger adds substantial obligations. More than $1.4 billion of Qorvo notes were tendered for new Skyworks notes, increasing leverage and potentially limiting financial flexibility. The exchange is expected to settle around October 7. Skyworks Exchange Offers for Qorvo Notes
• Negative Sentiment: Investors remain concerned about weak handset demand, squeezed margins, dividend policy and the possibility that projected synergies will take longer to materialize. Those concerns appear to be outweighing the deal-related optimism in current trading.

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.

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