Skyworks Solutions (NASDAQ:SWKS) Stock Price Expected to Rise, Susquehanna Analyst Says

Key Points

• Susquehanna raised Skyworks Solutions’ price target from $65 to $90 while maintaining a neutral rating, implying 10.7% potential upside from the prior close.
• Analyst sentiment remains cautious overall: Skyworks has a consensus “Hold” rating and an average price target of $80.53, based on five Buy, 17 Hold, and two Sell ratings.
• Skyworks beat quarterly earnings and revenue estimates, reporting $1.08 in EPS and $934.8 million in revenue, though revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price target hoisted by equities researchers at Susquehanna from $65.00 to $90.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the semiconductor manufacturer's stock. Susquehanna's price objective would indicate a potential upside of 10.70% from the stock's previous close.

A number of other research firms also recently commented on SWKS. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. BMO Capital Markets started coverage on shares of Skyworks Solutions in a research note on Friday, August 21st. They set a "market perform" rating and a $70.00 price target on the stock. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 29th. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada boosted their price objective 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 equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $80.53.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $81.30 on Wednesday. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $77.95 and its two-hundred day moving average is $70.47. Skyworks Solutions has a 12-month low of $51.93 and a 12-month high of $92.80. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 2.16 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%. The business had revenue of $934.80 million during the quarter, compared to analysts' expectations of $925.97 million. During the same period last year, the firm earned $1.33 EPS. The company's quarterly revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts expect that Skyworks Solutions will post 3.62 EPS for the current year.

Institutional Trading of Skyworks Solutions

Institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth about $845,000. LCM Capital Management Inc purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $242,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Skyworks Solutions during the third quarter worth about $760,000. AlphaStar Capital Management LLC acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $442,000. Finally, Vontobel Holding Ltd. raised its position in shares of Skyworks Solutions by 24.1% in the third quarter. Vontobel Holding Ltd. now owns 8,969 shares of the semiconductor manufacturer's stock valued at $767,000 after buying an additional 1,744 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

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.

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