Skyworks Solutions (NASDAQ:SWKS) Trading Down 3.5% - Should You Sell?

Key Points

• Skyworks Solutions shares fell 3.5% to $64.49 in Tuesday trading, with volume down 92% from its average session level.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $74, while recent targets range from $52 to $70.
• Skyworks exceeded quarterly earnings and revenue expectations, reporting $1.08 in EPS and $934.8 million in revenue, but revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) shares fell 3.5% during trading on Tuesday . The stock traded as low as $64.38 and last traded at $64.49. 378,731 shares were traded during mid-day trading, a decline of 92% from the average session volume of 4,531,845 shares. The stock had previously closed at $66.86.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Mizuho lowered 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. UBS Group boosted their target price 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. Royal Bank Of Canada dropped their price target 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. BMO Capital Markets assumed coverage on shares of Skyworks Solutions in a report on Friday. They set a "market perform" rating and a $70.00 price target on the stock. Finally, Loop Capital lifted their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.00.

Skyworks Solutions Stock Performance

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 50 day moving average price of $65.32 and a two-hundred day moving average price of $63.99. The company has a market capitalization of $9.70 billion, a P/E ratio of 33.38 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released 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. The firm had revenue of $934.80 million for the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share. 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 Investors Weigh In On Skyworks Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in shares of Skyworks Solutions by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer's stock worth $249,000 after purchasing an additional 163 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in Skyworks Solutions by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer's stock worth $282,000 after buying an additional 200 shares in the last quarter. AAFMAA Wealth Management & Trust LLC grew its holdings in Skyworks Solutions by 3.2% during the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer's stock worth $468,000 after acquiring an additional 212 shares during the last quarter. Unison Advisors LLC grew its holdings in Skyworks Solutions by 1.2% during the 1st quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer's stock worth $986,000 after acquiring an additional 219 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in Skyworks Solutions by 16.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,672 shares of the semiconductor manufacturer's stock valued at $106,000 after acquiring an additional 230 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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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