Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Skyworks Solutions has a consensus “Hold” rating from 24 analysts: 18 recommend holding, four recommend buying and two recommend selling. The average 12-month price target is $74.00.
• Several major brokerages recently reduced their price targets to roughly $70–$72, while UBS raised its target to $70 and Weiss Ratings upgraded the stock from “sell” to “hold.”
• Skyworks beat quarterly expectations with $1.08 in EPS and $934.8 million in revenue, but revenue declined 3.1% year over year. Institutional investors own 85.43% of the company, and the stock recently traded near its 52-week high at $91.32.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-four research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $74.00.

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada cut their target price on Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 29th. Stifel Nicolaus lowered their price target on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley dropped their price objective on 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. Weiss Ratings upgraded Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Finally, UBS Group raised their target price on Skyworks Solutions from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th.

Hedge Funds Weigh In On Skyworks Solutions

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions during the second quarter worth $1,393,584,000. Pzena Investment Management LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at $1,082,972,000. Geode Capital Management LLC boosted its position in shares of Skyworks Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,336,603 shares of the semiconductor manufacturer's stock valued at $275,440,000 after purchasing an additional 11,368 shares during the period. Dimensional Fund Advisors LP increased its stake in Skyworks Solutions by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer's stock worth $246,978,000 after purchasing an additional 753,004 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Skyworks Solutions in the 2nd quarter worth about $180,898,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $91.32 on Friday. The firm has a 50-day moving average price of $68.32 and a 200 day moving average price of $65.85. The firm has a market capitalization of $13.74 billion, a PE ratio of 47.32, a P/E/G ratio of 2.35 and a beta of 1.52. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 52-week low of $51.93 and a 52-week high of $92.30.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions's revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. 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 earnings per share for the current fiscal year.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc NASDAQ: SWKS is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company's products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.

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