JPMorgan Chase & Co. Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $65.00

Key Points

• JPMorgan cut Skyworks Solutions’ price target from $70 to $65 while maintaining a Neutral rating, implying roughly 4.8% upside from the stock’s quoted $62 price.
• Analyst sentiment remains cautious: MarketBeat reports a consensus Hold rating and average target of $74.22, with several firms recently lowering targets, including Citi to $64 and Mizuho to $52.
• Skyworks exceeded quarterly estimates with adjusted EPS of $1.08 and revenue of $934.8 million, but revenue and EPS declined year over year. The company faces ongoing margin and end-market pressures alongside execution and potential debt concerns tied to its planned Qorvo combination.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $70.00 to $65.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor manufacturer's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 4.84% from the stock's current price.

Several other brokerages also recently weighed in on SWKS. BNP Paribas Exane boosted their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. KeyCorp downgraded Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 14th. Stifel Nicolaus dropped their target price on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday. Morgan Stanley decreased their price target on Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Citigroup cut their price objective on shares of Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $74.22.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded down $2.68 during trading on Wednesday, hitting $62.00. 8,839,737 shares of the company were exchanged, compared to its average volume of 4,464,643. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70. The firm's fifty day moving average price is $69.21 and its 200 day moving average price is $62.83. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $90.90. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 26.09 and a beta of 1.50.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.05. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The company had revenue of $934.80 million during the quarter, compared to analysts' expectations of $925.97 million. During the same period last year, the company posted $1.33 earnings per share. The firm'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. On average, sell-side analysts expect that Skyworks Solutions will post 3.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skyworks Solutions

A number of large investors have recently modified their holdings of SWKS. United Services Automobile Association purchased a new position in Skyworks Solutions in the 1st quarter worth approximately $236,000. Focus Partners Wealth raised its stake in shares of Skyworks Solutions by 99.0% during the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer's stock valued at $611,000 after purchasing an additional 4,702 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Skyworks Solutions by 137.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer's stock worth $171,000 after purchasing an additional 1,330 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Skyworks Solutions during the second quarter worth $259,000. Finally, Gabelli Funds LLC purchased a new position in shares of Skyworks Solutions in the second quarter valued at $1,004,000. Institutional investors and hedge funds own 85.43% of the company's stock.

Key Stories Impacting Skyworks Solutions

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

• Positive Sentiment: Skyworks reported fiscal third-quarter adjusted EPS of $1.08 and revenue of $934.8 million, exceeding consensus estimates of $1.03 and approximately $926 million, respectively. Growth in broad markets—particularly automotive and AI data-center applications—helped offset weakness elsewhere. Skyworks fiscal third-quarter results
• Positive Sentiment: The company authorized a new $2 billion share-repurchase program and announced progress toward its planned combination with Qorvo, including an expected leadership team for the combined business. Regulatory approvals are progressing. Skyworks and Qorvo expected leadership team
• Neutral Sentiment: Fiscal fourth-quarter guidance calls for adjusted EPS of $1.27 and revenue between $1.0 billion and $1.1 billion. The EPS outlook is above consensus, although investors appear focused on expected sequential pressure and continued margin challenges.
• Neutral Sentiment: Analyst views remain mixed. UBS raised its price target to $70 while maintaining a Neutral rating; RBC cut its target to $70 with a Sector Perform rating; and Citi reduced its target to $64 while remaining Neutral. Morgan Stanley maintained Hold but lowered its target to $72, citing the dividend suspension and uneven end-market trends.
• Negative Sentiment: Revenue declined 3.1% from the prior year and adjusted EPS fell from $1.33, while management indicated weaker fourth-quarter earnings expectations in underlying commentary. The combination with Qorvo is also expected to require approximately $2 billion of acquisition debt financing, adding execution and leverage concerns. Analyst revisions following Skyworks earnings
• Negative Sentiment: Mizuho downgraded Skyworks to Underperform and lowered its price target from $55 to $52, signaling substantial downside from recent trading levels and reinforcing concerns about the company’s near-term growth and profitability.

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company's portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

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