KeyCorp Raises Skyworks Solutions (NASDAQ:SWKS) Price Target to $85.00

Key Points

• KeyCorp raised its price target on Skyworks from $75 to $85 and kept an "overweight" rating, implying roughly a 36% upside from current prices.
• Operational beat and stronger guidance — Skyworks reported Q2 non‑GAAP EPS of $1.15 and $943.7M revenue, set Q3 non‑GAAP EPS guidance of $1.03, and secured an Android OEM design win projected to generate $1B+ through 2030, although shares dipped after‑hours amid inventory build and weaker GAAP metrics.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its target price boosted by equities researchers at KeyCorp from $75.00 to $85.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor manufacturer's stock. KeyCorp's target price would suggest a potential upside of 35.96% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. Barclays upgraded Skyworks Solutions from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $60.00 to $70.00 in a research report on Wednesday, April 22nd. Royal Bank Of Canada initiated coverage on Skyworks Solutions in a research report on Wednesday, January 14th. They set a "sector perform" rating and a $65.00 price target on the stock. Weiss Ratings cut Skyworks Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, February 6th. UBS Group lowered their price target on Skyworks Solutions from $63.00 to $58.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. Finally, Zacks Research cut Skyworks Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of "Hold" and a consensus price target of $72.56.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded down $10.04 during mid-day trading on Wednesday, hitting $62.52. 1,701,403 shares of the company's stock traded hands, compared to its average volume of 3,662,497. The firm has a 50 day moving average price of $57.60 and a 200 day moving average price of $62.57. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 0.09. The company has a market cap of $9.40 billion, a PE ratio of 24.07 and a beta of 1.48. Skyworks Solutions has a one year low of $51.93 and a one year high of $90.90.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The firm had revenue of $943.70 million for the quarter, compared to the consensus estimate of $901.76 million. During the same quarter in the previous year, the business earned $1.24 EPS. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. On average, equities analysts forecast that Skyworks Solutions will post 3.25 EPS for the current year.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently modified their holdings of the stock. Manske Wealth Management grew its holdings in shares of Skyworks Solutions by 3.8% in the 3rd quarter. Manske Wealth Management now owns 4,318 shares of the semiconductor manufacturer's stock worth $332,000 after acquiring an additional 160 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Skyworks Solutions by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer's stock worth $249,000 after acquiring an additional 163 shares during the last quarter. Unison Advisors LLC grew its holdings in shares of Skyworks Solutions by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer's stock worth $1,388,000 after acquiring an additional 164 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Skyworks Solutions by 0.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,308 shares of the semiconductor manufacturer's stock worth $1,807,000 after acquiring an additional 166 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its holdings in shares of Skyworks Solutions by 4.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer's stock worth $282,000 after acquiring an additional 200 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Key Skyworks Solutions News

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

• Positive Sentiment: Beat analyst expectations — Skyworks reported non‑GAAP EPS of $1.15 and revenue of $943.7M, above consensus, showing operational beat vs. Street forecasts. Skyworks Solutions (SWKS) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Upside guidance — management set Q3 FY2026 non‑GAAP EPS guidance of $1.03 (well above consensus ~$0.86) and revenue guidance ($900M–$950M) that tops analyst expectations, supporting forward‑looking revenue momentum. Skyworks Solutions forecasts higher revenue on strong chip demand
• Positive Sentiment: Large multi‑generational design win — company secured an Android OEM design win projected to generate $1B+ revenue through 2030, which is material long‑term upside to revenue mix. Skyworks Delivers Strong Second Quarter Fiscal Year 2026 Results
• Positive Sentiment: Dividend increase/confirmation — Skyworks declared a quarterly dividend of $0.71 (annualized yield ~3.9%; ex‑div May 26), which supports income investors and can buoy the share price.
• Neutral Sentiment: Earnings call and transcripts available — management commentary is now public (transcripts on Seeking Alpha/Fool); investors will parse the call for color on end‑market demand and inventory cadence. Skyworks Solutions, Inc. (SWKS) Q2 2026 Earnings Call Transcript
• Negative Sentiment: After‑hours selling despite beats — shares fell in after‑hours trade even though results beat, indicating some investors are focusing on weaker GAAP metrics, inventory, or near‑term risks. Skyworks Solutions (SKWS) Stock Is Trending Overnight: Here's Why
• Negative Sentiment: Rising inventories and weak GAAP profit — reports note inventory build and GAAP diluted EPS of $0.24 (below non‑GAAP), and revenue was flat YoY (down ~1%), which raises concern about near‑term demand normalization and margin pressure. Skyworks Solutions NASDAQ: SWKS Reports Upbeat Q1 But Inventory Levels Increase

Skyworks Solutions Company Profile

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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