Skyworks Solutions (NASDAQ:SWKS) Stock Rating Upgraded by B. Riley Financial

Key Points

• B. Riley Financial upgraded Skyworks Solutions to “buy” from “neutral” and set a $107 price target, implying approximately 27.5% upside from the reported $83.91 share price.
• Despite the upgrade, broader analyst sentiment remains cautious: Skyworks has a consensus “hold” rating and an average price target of $77.37. The company’s latest quarterly results beat estimates, but revenue declined 3.1% year over year.
• Skyworks completed its combination with Qorvo, targeting at least $500 million in annual cost synergies; however, added debt, integration risks and continued exposure to cyclical mobile-chip demand could weigh on the stock.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) was upgraded by stock analysts at B. Riley Financial from a "neutral" rating to a "buy" rating in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage presently has a $107.00 target price on the semiconductor manufacturer's stock. B. Riley Financial's price objective would suggest a potential upside of 27.52% from the company's current price.

SWKS has been the topic of several other reports. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research note on Monday, July 27th. Stifel Nicolaus cut their price objective on shares of Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, July 29th. William Blair reaffirmed a "buy" rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Skyworks Solutions from $70.00 to $95.00 and gave the company a "sector perform" rating in a research report on Thursday, October 1st. Finally, UBS Group boosted their price target on Skyworks Solutions from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $77.37.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $83.91 on Tuesday. The stock has a market cap of $12.63 billion, a PE ratio of 43.48, a P/E/G ratio of 2.42 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The firm has a 50-day moving average of $74.92 and a 200-day moving average of $68.54. Skyworks Solutions has a 52-week low of $51.93 and a 52-week high of $92.80.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million for the quarter, compared to analysts' expectations of $925.97 million. During the same period in the prior year, the firm earned $1.33 EPS. The business's revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, sell-side analysts anticipate that Skyworks Solutions will post 3.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SWKS. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $1,393,584,000. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth $1,082,972,000. Dimensional Fund Advisors LP lifted its position in shares of Skyworks Solutions by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer's stock worth $246,978,000 after buying an additional 753,004 shares during the last quarter. Bank of America Corp DE acquired a new stake in Skyworks Solutions in the second quarter valued at about $180,898,000. Finally, Bank of New York Mellon Corp bought a new position in Skyworks Solutions in the second quarter valued at about $143,597,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Skyworks Solutions

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

• Positive Sentiment: Skyworks completed its combination with Qorvo, expanding its technology portfolio and addressable market. Management expects at least $500 million in annual cost synergies and immediate non-GAAP earnings-per-share accretion, which could support longer-term profitability if achieved. Skyworks Completes Combination with Qorvo
• Positive Sentiment: Skyworks received strong participation in its exchange offers for Qorvo’s notes. Holders tendered $779.4 million, or 91.70%, of the 2029 notes and $647.1 million, or 92.44%, of the 2031 notes. The transaction is expected to settle around October 7, 2026, facilitating the debt transition following the merger. Exchange Offers Final Results
• Neutral Sentiment: The transaction also prompted management and committee changes effective October 5, as Skyworks begins operating the combined business. Investors will likely focus on integration progress, customer retention and whether the announced synergies materialize.
• Negative Sentiment: The exchange will leave Skyworks issuing approximately $778.1 million of new 2029 notes and $646.8 million of new 2031 notes. The increased debt load may reduce financial flexibility and raise concerns about leverage, particularly if semiconductor demand weakens.
• Negative Sentiment: Shares fell during the session after the merger close, suggesting a “sell-the-news” reaction and caution about integration costs, execution risk and the possibility that expected synergies take longer to appear. Skyworks also continues to face mobile-market concentration and cyclical semiconductor demand risks. Why Skyworks Shares Are Trading Lower

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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