Skyworks Solutions (NASDAQ:SWKS) Given New $64.00 Price Target at Citigroup

Key Points

• Citigroup cut Skyworks Solutions’ price target to $64 from $77 and maintained a “neutral” rating, implying roughly 4.7% upside. Analysts overall have a consensus “hold” rating with an average target of $75.50.
• Shares fell 5.5% to $61.15, while the company’s latest quarterly results modestly exceeded expectations with EPS of $1.08 and revenue of $934.8 million. However, revenue declined 3.1% year over year and EPS fell from $1.33 in the prior-year quarter.
• Skyworks issued fiscal fourth-quarter EPS guidance of $1.27, above the $1.23 consensus estimate, and authorized a new $2 billion share-repurchase program as it advances its planned combination with Qorvo.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its target price cut by equities researchers at Citigroup from $77.00 to $64.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor manufacturer's stock. Citigroup's target price would indicate a potential upside of 4.66% from the company's current price.

Several other research firms have also recently weighed in on SWKS. Stifel Nicolaus lifted their price objective on Skyworks Solutions from $65.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, May 6th. B. Riley Financial upped their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. BNP Paribas Exane upped their price objective on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. TD Cowen raised their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, May 6th. Finally, Mizuho reissued an "underperform" rating and issued a $46.00 price objective (down from $60.00) on shares of Skyworks Solutions in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $75.50.

Skyworks Solutions Trading Down 5.5%

SWKS stock traded down $3.53 during midday trading on Wednesday, reaching $61.15. The stock had a trading volume of 2,827,481 shares, compared to its average volume of 4,401,589. The business has a fifty day simple moving average of $69.21 and a two-hundred day simple moving average of $62.83. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 24.99 and a beta of 1.50. Skyworks Solutions has a twelve month low of $51.93 and a twelve month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly 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 return on equity of 11.52% and a net margin of 8.93%.The company had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the prior year, the business posted $1.33 EPS. The firm'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. As a group, research analysts expect that Skyworks Solutions will post 3.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently bought and sold shares of the business. United Services Automobile Association acquired a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $236,000. Focus Partners Wealth raised its position in shares of Skyworks Solutions by 99.0% in the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer's stock valued at $611,000 after buying an additional 4,702 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Skyworks Solutions by 137.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer's stock valued at $171,000 after buying an additional 1,330 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $259,000. Finally, Gabelli Funds LLC bought a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $1,004,000. 85.43% of the stock is owned by institutional investors.

Trending Headlines about Skyworks Solutions

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Skyworks reported fiscal Q3 revenue of $934.8 million and non-GAAP diluted EPS of $1.08, beating analyst expectations of approximately $926 million and $1.03, respectively. Automotive and data-center markets were cited as growth drivers. Skyworks fiscal third-quarter results
• Positive Sentiment: Fiscal Q4 EPS guidance of $1.27 is above the $1.23 consensus estimate, while revenue guidance of $1.0 billion to $1.1 billion is broadly in line with expectations, suggesting near-term earnings support. Skyworks Q3 earnings call highlights
• Positive Sentiment: The company authorized a new $2 billion share-repurchase program, which could support per-share results and signals confidence in its capital position. Skyworks also announced expected leadership appointments for the combined Skyworks-Qorvo business. Skyworks and Qorvo leadership announcement
• Neutral Sentiment: Regulatory approvals for the Qorvo transaction are progressing, but Skyworks expects to raise roughly $2 billion in acquisition debt financing. The deal could expand scale and product capabilities, though integration, financing and approval risks remain. Skyworks Qorvo combination update
• Negative Sentiment: Revenue fell 3.1% year over year and EPS declined from $1.33 in the prior-year quarter, highlighting continued pressure in parts of Skyworks’ wireless and communications markets.
• Negative Sentiment: Morgan Stanley maintained a Hold rating but cut its price target to $72, citing the dividend suspension and mixed end-market trends. The dividend suspension removes an important income component for shareholders and weighs on sentiment. Morgan Stanley Skyworks price-target update

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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