Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analyst sentiment is mostly Hold: Of 24 analysts covering Skyworks, 16 rate it Hold, three Sell, four Buy and one Strong Buy. The average one-year price target is $77.28.
• Several brokerages recently cut their price targets, including Bank of America to $72, RBC to $80, Citi to $79 and Stifel to $70; handset-sector weakness is also cited as a headwind.
• Skyworks narrowly beat quarterly expectations, reporting EPS of $1.28 versus $1.27 consensus and revenue of $1.05 billion versus $1.04 billion expected.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has been given an average recommendation of "Hold" by the twenty-four research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $77.28.

SWKS has been the subject of several research reports. Bank of America reduced their price objective on Skyworks Solutions from $78.00 to $72.00 and set an "underperform" rating for the company in a research report on Wednesday. Royal Bank Of Canada decreased their price target on shares of Skyworks Solutions from $95.00 to $80.00 and set a "sector perform" rating for the company in a research note on Wednesday. William Blair reiterated a "buy" rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Citigroup dropped their target price on Skyworks Solutions from $90.00 to $79.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Stifel Nicolaus lowered their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, July 29th.

Skyworks Solutions Stock Up 1.2%

Skyworks Solutions stock opened at $82.19 on Friday. 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 twelve month low of $51.93 and a twelve month high of $92.80. The firm has a 50 day moving average price of $82.14 and a 200-day moving average price of $68.17. The company has a market capitalization of $12.37 billion, a P/E ratio of 72.10, a P/E/G ratio of 2.32 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. As a group, equities analysts predict that Skyworks Solutions will post 3.78 EPS for the current year.

Trending Headlines about Skyworks Solutions

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

• Positive Sentiment: Zacks upgraded Skyworks to Rank #1 (Strong Buy), citing improving earnings prospects; the upgrade could support investor optimism. All You Need to Know About Skyworks Rating Upgrade to Strong Buy
• Neutral Sentiment: Goldman Sachs was reported among institutions picking up SWKS shares, though the headline provides no details on the size or timing of the purchase. Skyworks Stock Picked Up by Analysts at The Goldman Sachs Group
• Negative Sentiment: Analyst caution is more widespread: Barclays cut its rating from Overweight to Equal Weight and set a $79 target, while TD Cowen maintained a Hold and RBC lowered its expectations. Susquehanna also issued a pessimistic forecast. Reports linked an analyst downgrade to a gap down in SWKS shares. Barclays rating TD Cowen rating RBC lowers expectations Susquehanna forecast
• Negative Sentiment: Weakness across handset-related stocks—including a sharp Qualcomm selloff after cautious guidance and concerns about handset demand—adds a sector headwind for Skyworks. Qualcomm and handset-sector news

Institutional Investors Weigh In On Skyworks Solutions

A number of large investors have recently added to or reduced their stakes in SWKS. BlackRock Inc. bought a new position in Skyworks Solutions during the second quarter valued at about $1,393,584,000. Pzena Investment Management LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth about $1,082,972,000. Bank of America Corp DE purchased a new position in Skyworks Solutions in the 2nd quarter valued at $180,898,000. Bank of New York Mellon Corp acquired a new stake in shares of Skyworks Solutions in the second quarter valued at $143,597,000. Finally, First Trust Advisors LP increased its holdings in shares of Skyworks Solutions by 51.7% in the 1st 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. Institutional investors and hedge funds own 85.43% of the company's stock.

About Skyworks Solutions

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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