Skyworks Solutions (NASDAQ:SWKS) Given New $95.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Skyworks Solutions’ price target from $70 to $95 while maintaining a “sector perform” rating, implying 11.14% potential upside from the reported $85.48 share price.
• Analyst sentiment remains cautious overall: Skyworks has a consensus “Hold” rating and an average price target of $75.32, despite four Buy, eighteen Hold, and two Sell ratings.
• Skyworks exceeded quarterly expectations with adjusted earnings of $1.08 per share versus a $1.03 consensus and revenue of $934.8 million, although revenue declined 3.1% year over year.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price objective upped by research analysts at Royal Bank Of Canada from $70.00 to $95.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "sector perform" rating on the semiconductor manufacturer's stock. Royal Bank Of Canada's price target would indicate a potential upside of 11.14% from the company's current price.

SWKS has been the subject of several other research reports. Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, July 29th. Weiss Ratings upgraded Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Monday, July 27th. JPMorgan Chase & Co. lowered 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. Finally, UBS Group increased their price target on Skyworks Solutions from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and an average target price of $75.32.

Skyworks Solutions Stock Down 2.9%

Shares of NASDAQ SWKS opened at $85.48 on Thursday. The stock has a market capitalization of $12.86 billion, a P/E ratio of 44.29, a PEG ratio of 2.42 and a beta of 1.52. The stock's fifty day moving average is $73.56 and its 200 day moving average is $67.91. Skyworks Solutions has a 52 week low of $51.93 and a 52 week high of $92.80. 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 posted its quarterly earnings data 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 business had revenue of $934.80 million during the quarter, compared to analysts' expectations of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Skyworks Solutions will post 3.64 earnings per share for the current fiscal year.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWKS. NewEdge Advisors LLC increased its holdings in shares of Skyworks Solutions by 1.9% during the second 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 in the last quarter. Empirical Finance LLC grew its holdings in shares of Skyworks Solutions by 3.2% during the second quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer's stock valued at $393,000 after buying an additional 182 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Skyworks Solutions by 108.4% during the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 206 shares in the last quarter. AAFMAA Wealth Management & Trust LLC raised its holdings in shares of Skyworks Solutions by 3.2% in the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer's stock worth $468,000 after acquiring an additional 212 shares during the last quarter. Finally, Unison Advisors LLC lifted its position in Skyworks Solutions by 1.2% in the 1st quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer's stock valued at $986,000 after acquiring an additional 219 shares in the last quarter. 85.43% of the stock is owned by 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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