Skyworks Solutions (NASDAQ:SWKS) Stock Price Down 6.9% - Here's What Happened

Key Points

• Skyworks Solutions shares fell 6.9% to about $75.16, with trading volume roughly 81% below the average session volume.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $78.74 average price target, despite B. Riley upgrading it to “Buy” with a $107 target.
• Skyworks beat quarterly expectations with $1.08 in EPS and $934.8 million in revenue, but earnings declined from the prior year and revenue fell 3.1% year over year.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) shares fell 6.9% on Friday. The stock traded as low as $73.93 and last traded at $75.1630. Approximately 984,597 shares were traded during trading, a decline of 81% from the average session volume of 5,136,450 shares. The stock had previously closed at $80.75.

Analyst Ratings Changes

SWKS has been the topic of a number of research reports. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Mizuho reduced their price target 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. Finally, B. Riley Financial raised shares of Skyworks Solutions from a "neutral" rating to a "buy" rating and boosted their target price for the company from $68.00 to $107.00 in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Skyworks Solutions presently has a consensus rating of "Hold" and a consensus price target of $78.74.

Skyworks Solutions Trading Down 5.3%

The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 2.21 and a beta of 1.48. 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 fifty day moving average price of $76.09 and a 200-day moving average price of $69.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The business had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Skyworks Solutions'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. As a group, equities analysts anticipate that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Institutional Trading of Skyworks Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in SWKS. Parkside Financial Bank & Trust increased its stake in Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 206 shares during the last quarter. Caitlin John LLC bought a new stake in Skyworks Solutions during the second quarter worth $27,000. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions during the second quarter worth $28,000. Hara Capital LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $35,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Skyworks Solutions by 93.8% in the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 257 shares in the last quarter. 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 high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company's products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.

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