Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Has Average Price Target of $79.21

Key Points

• Analysts maintain a “Hold” consensus on Skyworks Solutions, with 17 hold, five buy and two sell ratings. The average 12-month price target is $79.21, modestly above the reported share price of $74.70.
• Institutional investors own 85.43% of the company, with BlackRock and Pzena Investment Management among investors that established sizable positions during the second quarter.
• Skyworks beat quarterly earnings and revenue estimates, reporting $1.08 in EPS and $934.8 million in revenue, although revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has earned an average recommendation of "Hold" from the twenty-four brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $79.21.

SWKS has been the subject of several research reports. TD Cowen reduced their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. William Blair reissued a "buy" rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Royal Bank Of Canada raised 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. Mizuho boosted their target price on shares of Skyworks Solutions from $52.00 to $61.00 and gave the company an "underperform" rating in a research report on Friday. Finally, Citigroup upped their target price on shares of Skyworks Solutions from $64.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, October 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Skyworks Solutions in the 2nd quarter worth $1,393,584,000. Pzena Investment Management LLC purchased a new stake in Skyworks Solutions in the 2nd quarter worth $1,082,972,000. Bank of America Corp DE bought a new stake in Skyworks Solutions during the second quarter valued at about $180,898,000. Bank of New York Mellon Corp bought a new stake in Skyworks Solutions during the second quarter valued at about $143,597,000. Finally, First Trust Advisors LP raised its holdings in Skyworks Solutions by 51.7% during the first quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer's stock valued at $118,818,000 after acquiring an additional 756,280 shares during the period. Hedge funds and other institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $74.70 on Tuesday. The firm has a market capitalization of $11.24 billion, a P/E ratio of 38.70, a PEG ratio of 2.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. Skyworks Solutions has a one year low of $51.93 and a one year high of $92.80. The business has a fifty day moving average of $76.64 and a 200 day moving average of $69.42.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating 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 return on equity of 10.74% and a net margin of 7.23%. Skyworks Solutions's revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, sell-side analysts anticipate that Skyworks Solutions will post 3.62 EPS for the current year.

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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