Skyworks Solutions (NASDAQ:SWKS) Stock Price Up 5.1% - Here's What Happened

Key Points

• Skyworks Solutions shares rose 5.1% to about $80.47 in mid-day trading, despite trading volume running 65% below its average.
• Analyst sentiment remains cautious: the stock carries an average “Hold” rating and a $74.00 average price target, with several firms recently lowering targets or maintaining underperform ratings.
• Skyworks beat quarterly expectations, reporting $1.08 EPS versus the $1.03 consensus and $934.8 million in revenue versus $926.0 million expected; however, revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year period.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report)'s share price rose 5.1% during mid-day trading on Thursday . The stock traded as high as $79.09 and last traded at $80.4710. Approximately 1,616,980 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 4,658,226 shares. The stock had previously closed at $76.54.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SWKS shares. Mizuho dropped their price objective on shares of Skyworks Solutions from $55.00 to $52.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 29th. William Blair reaffirmed a "buy" rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Bank of America reiterated an "underperform" rating and set a $65.00 target price on shares of Skyworks Solutions in a report on Wednesday, July 29th. TD Cowen dropped their price target on Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating on the stock in a research report on Wednesday, July 29th. Finally, KeyCorp cut Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $74.00.

Skyworks Solutions Trading Up 9.2%

The stock has a fifty day simple moving average of $65.26 and a 200 day simple moving average of $64.73. 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 $12.58 billion, a P/E ratio of 43.37, a price-to-earnings-growth ratio of 2.07 and a beta of 1.52.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (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 firm had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same period in the prior year, the company posted $1.33 earnings per share. The company'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, research analysts expect that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Institutional Trading of Skyworks Solutions

A number of institutional investors have recently made changes to their positions in SWKS. Caitlin John LLC purchased a new position in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Parkside Financial Bank & Trust boosted its holdings in Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 206 shares during the last quarter. AdvisorNet Financial Inc grew its position in Skyworks Solutions by 93.8% in the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 257 shares during the period. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $28,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Skyworks Solutions during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

About Skyworks Solutions

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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