Skyworks Solutions (NASDAQ:SWKS) Now Covered by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets initiated coverage of Skyworks Solutions with a “market perform” rating and a $70 price target, implying approximately 3% upside from the reported $67.94 share price.
• Analyst sentiment is broadly cautious: MarketBeat reports a consensus “Hold” rating, with 18 Holds, four Buys, and two Sells, alongside an average price target of $74.
• Skyworks beat quarterly expectations with $1.08 in adjusted earnings per share versus a $1.03 consensus estimate and revenue of $934.8 million, though revenue declined 3.1% year over year.

Stock analysts at BMO Capital Markets initiated coverage on shares of Skyworks Solutions (NASDAQ:SWKS - Get Free Report) in a report released on Friday,Benzinga reports. The brokerage set a "market perform" rating and a $70.00 price target on the semiconductor manufacturer's stock. BMO Capital Markets' price objective suggests a potential upside of 3.03% from the stock's current price.

Several other brokerages have also recently weighed in on SWKS. William Blair reiterated a "buy" rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Craig Hallum upped their target price on Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Skyworks Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Morgan Stanley cut their target price on shares of Skyworks Solutions from $76.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus reduced their target price on Skyworks Solutions from $75.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.00.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $67.94 on Friday. Skyworks Solutions has a 52 week low of $51.93 and a 52 week high of $90.90. The firm's 50-day simple moving average is $65.64 and its two-hundred day simple moving average is $63.84. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 35.20 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. The business had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.Skyworks Solutions's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Skyworks Solutions will post 3.64 earnings per share for the current year.

Hedge Funds Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new stake in Skyworks Solutions during the fourth quarter worth about $1,388,000. AlphaQuest LLC raised its holdings in Skyworks Solutions by 662.4% in the fourth quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer's stock worth $3,383,000 after buying an additional 46,357 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Skyworks Solutions by 1,718.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer's stock worth $7,980,000 after purchasing an additional 118,909 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Skyworks Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer's stock valued at $1,338,198,000 after buying an additional 389,168 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Skyworks Solutions by 22.8% in the 1st quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer's stock worth $114,032,000 after buying an additional 396,057 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

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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