Skyworks Solutions (NASDAQ:SWKS) Shares Up 7.1% - Still a Buy?

Key Points

• Skyworks Solutions shares rose 7.1% to about $72.22, though trading volume was 51% below the average session volume.
• Analyst sentiment remains cautious: the stock has an average “Hold” rating from MarketBeat, with 18 Holds, four Buys, and two Sells, and an average price target of $74.
• The company beat quarterly earnings and revenue estimates, reporting $1.08 EPS and $934.8 million in revenue, but year-over-year revenue declined 3.1% and EPS fell from $1.33 in the prior-year quarter.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) shares were up 7.1% on Wednesday . The company traded as high as $71.69 and last traded at $72.2220. 2,263,251 shares were traded during trading, a decline of 51% from the average session volume of 4,635,233 shares. The stock had previously closed at $67.41.

Analyst Upgrades and Downgrades

SWKS has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Skyworks Solutions from $77.00 to $64.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Craig Hallum upped their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. KeyCorp lowered shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 14th. BMO Capital Markets initiated coverage on shares of Skyworks Solutions in a research note on Friday, August 21st. They set a "market perform" rating and a $70.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $74.00.

Skyworks Solutions Price Performance

The firm has a market cap of $10.90 billion, a PE ratio of 37.51, a P/E/G ratio of 1.84 and a beta of 1.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The business's fifty day moving average is $64.61 and its 200-day moving average is $64.20.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $925.97 million. During the same period in the prior year, the firm earned $1.33 EPS. The company's 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, research analysts predict that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWKS. Caitlin John LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions during the 2nd quarter valued at $28,000. CYBER HORNET ETFs LLC bought a new stake in Skyworks Solutions during the 2nd quarter valued at $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Skyworks Solutions during the second quarter worth $33,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Skyworks Solutions during the fourth quarter worth $29,000. 85.43% of the stock is currently owned by institutional investors.

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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