Skyworks Solutions (NASDAQ:SWKS) Reaches New 12-Month High - Here's What Happened

Key Points

• Skyworks Solutions shares reached a new 52-week high, trading as high as $91.96 and rising 7.3% from the prior close, driven largely by optimism surrounding its planned Qorvo merger.
• The Qorvo combination is reportedly in its final stages and is expected to close by year-end 2026, while elevated call-option activity and potential demand from Apple’s foldable iPhone added to bullish sentiment.
• Risks remain significant: short interest equals 36.38% of the float, revenue declined 3.1% year over year, and analysts maintain a consensus “Hold” rating with an average $74 price target—well below the current trading range.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $91.96 and last traded at $91.6090, with a volume of 3370456 shares traded. The stock had previously closed at $84.03.

Key Skyworks Solutions News

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

• Positive Sentiment: Qorvo merger appears closer to completion: CEO Phil Brace said the combination is in its final stages and is expected to close by year-end 2026, boosting investor expectations that regulatory and other closing conditions will be satisfied. Skyworks and Qorvo both advanced as merger-arbitrage investors repriced the deal’s odds. Skyworks Solutions Stock Jumps Nearly 10% on Qorvo Merger Update
• Positive Sentiment: Options activity signals bullish positioning: Investors purchased 9,712 SWKS call options, 61% above typical volume of 6,018 contracts. While options activity is speculative, the increase suggests traders are positioning for additional upside or continued merger-related momentum.
• Positive Sentiment: Potential Apple product tailwind: Skyworks rallied alongside Apple after Apple unveiled its first foldable iPhone. Investors may be anticipating longer-term demand for Skyworks’ connectivity and radio-frequency components if the new device expands Apple’s premium smartphone lineup. Apple Advances as First Foldable iPhone Arrives
• Neutral Sentiment: High short interest increases volatility: Short interest reached 36.38% of the float, with 34.6 million shares sold short and approximately 5.8 days needed to cover. This could support a short squeeze if positive merger news continues, but it also highlights significant bearish positioning and downside risk. Skyworks Solutions Short Interest Rises
• Negative Sentiment: Fundamental and valuation concerns remain: Zacks reported that recent earnings-estimate revisions do not point to sustained strength. Skyworks’ latest reported revenue declined year over year, and its median analyst price target of $75 is below the current trading range, suggesting the stock may be pricing in substantial merger success.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Bank of America restated an "underperform" rating and set a $65.00 price target on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Morgan Stanley decreased their price target on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 29th. BMO Capital Markets assumed coverage on Skyworks Solutions in a research report on Friday, August 21st. They issued a "market perform" rating and a $70.00 price objective on the stock. Finally, Mizuho dropped their price objective on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating for the company in a research note on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $74.00.

Skyworks Solutions Trading Up 7.3%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The firm has a market cap of $13.57 billion, a PE ratio of 46.79, a PEG ratio of 2.10 and a beta of 1.52. The stock's 50 day simple moving average is $65.69 and its 200 day simple moving average is $64.90.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued 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. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. During the same quarter in the prior year, the firm earned $1.33 EPS. The business's revenue for the quarter 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 forecast that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds have recently added to or reduced their stakes in the company. United Services Automobile Association bought a new position in Skyworks Solutions during the first quarter valued at approximately $236,000. Focus Partners Wealth grew its holdings in shares of Skyworks Solutions by 99.0% during the 1st 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Skyworks Solutions by 137.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer's stock valued at $171,000 after purchasing an additional 1,330 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Skyworks Solutions in the 2nd quarter worth $259,000. Finally, Gabelli Funds LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth $1,004,000. Institutional investors own 85.43% of the company's stock.

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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