Skyworks Solutions (NASDAQ:SWKS) Sets New 52-Week High - Time to Buy?

Key Points

• Skyworks Solutions reached a new 52-week high, trading as high as $92.80 and last changing hands near $90.91.
• Despite the rally, analysts maintain a consensus “Hold” rating with a $74 price target, well below the current share price; recent ratings included several target cuts and neutral or underperform calls.
• The company beat quarterly earnings and revenue expectations, reporting $1.08 EPS and $934.8 million in revenue, although revenue declined 3.1% year over year. Institutional investors own 85.43% of the stock, with BlackRock and Pzena initiating significant positions.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $92.80 and last traded at $90.9140, with a volume of 550920 shares traded. The stock had previously closed at $89.96.

Analyst Ratings Changes

SWKS has been the topic of several research reports. Mizuho dropped their price target on Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. UBS Group raised their price target on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Monday, July 27th. Finally, Royal Bank Of Canada dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $74.00.

Skyworks Solutions Stock Performance

The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 46.57, a PEG ratio of 2.44 and a beta of 1.52. The stock's fifty day moving average is $70.17 and its two-hundred day moving average is $66.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $925.97 million. During the same quarter in the prior year, the firm earned $1.33 EPS. Skyworks Solutions's quarterly revenue was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SWKS. BlackRock Inc. bought a new position in Skyworks Solutions in the 2nd quarter valued at about $1,393,584,000. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $1,082,972,000. Geode Capital Management LLC lifted its stake in shares of Skyworks Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,336,603 shares of the semiconductor manufacturer's stock worth $275,440,000 after acquiring an additional 11,368 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Skyworks Solutions by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer's stock valued at $246,978,000 after acquiring an additional 753,004 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $180,898,000. 85.43% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.