Mizuho Forecasts Strong Price Appreciation for Skyworks Solutions (NASDAQ:SWKS) Stock

Key Points

• Mizuho raised Skyworks Solutions’ price target from $52 to $61 but maintained an “underperform” rating, implying roughly 21% downside from the stock’s $77.05 price.
• Analyst sentiment remains mixed, with a consensus “hold” rating and average price target of $79.21; targets from other firms range from $72 to $107.
• Skyworks beat quarterly expectations with $1.08 in EPS and $934.8 million in revenue, though revenue fell 3.1% year over year. Institutional investors own 85.43% of the company.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price target upped by research analysts at Mizuho from $52.00 to $61.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an "underperform" rating on the semiconductor manufacturer's stock. Mizuho's price objective indicates a potential downside of 20.83% from the company's current price.

Several other equities research analysts have also recently commented on the company. William Blair reaffirmed a "buy" rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. B. Riley Financial raised shares of Skyworks Solutions from a "neutral" rating to a "buy" rating and raised their price target for the company from $68.00 to $107.00 in a report on Tuesday. Citigroup lifted their price target on shares of Skyworks Solutions from $64.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday. 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. Finally, Royal Bank Of Canada raised their target price on shares of Skyworks Solutions from $70.00 to $95.00 and gave the stock a "sector perform" rating in a report on Thursday, October 1st. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $79.21.

Skyworks Solutions Stock Down 4.6%

Shares of SWKS traded down $3.70 on Friday, hitting $77.05. 4,645,491 shares of the stock traded hands, compared to its average volume of 5,158,797. Skyworks Solutions has a one year low of $51.93 and a one year high of $92.80. The company has a market capitalization of $11.59 billion, a PE ratio of 39.83, a P/E/G ratio of 2.21 and a beta of 1.48. The business has a 50 day simple moving average of $76.09 and a 200 day simple moving average of $69.13. 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 - Get Free Report) last released its quarterly earnings data 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 business 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 firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Skyworks Solutions will post 3.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Skyworks Solutions by 22.8% during the first quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer's stock worth $114,032,000 after buying an additional 396,057 shares during the period. BlackRock Inc. acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at $1,393,584,000. Assenagon Asset Management S.A. raised its stake in Skyworks Solutions by 123.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 241,542 shares of the semiconductor manufacturer's stock worth $16,377,000 after acquiring an additional 133,217 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth $1,082,972,000. Finally, NFJ Investment Group LLC purchased a new stake in Skyworks Solutions during the 2nd quarter valued at about $9,259,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

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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