Skyworks Solutions (NASDAQ:SWKS) Upgraded to Buy at Wall Street Zen

Key Points

• Skyworks Solutions has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive sentiment among investment analysts regarding the stock's potential.
• The company's recent earnings report surpassed expectations, with an EPS of $1.33, which exceeded analyst estimates of $1.24, showcasing a 6.6% revenue increase compared to the same quarter last year.
• Institutional investors hold a significant portion of Skyworks Solutions, with 85.43% of the stock currently owned by them, reflecting strong institutional confidence in the company.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on the company. Arete Research upgraded Skyworks Solutions to a "strong-buy" rating in a report on Thursday, August 14th. Cfra Research raised shares of Skyworks Solutions to a "moderate sell" rating in a research note on Wednesday, August 6th. Mizuho raised their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Susquehanna raised their price target on shares of Skyworks Solutions from $60.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Skyworks Solutions in a research report on Thursday, July 10th. They issued a "sell" rating and a $70.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of "Reduce" and an average price target of $72.87.

Skyworks Solutions Stock Down 0.3%

NASDAQ SWKS traded down $0.27 during trading hours on Friday, reaching $77.10. 1,475,197 shares of the company's stock were exchanged, compared to its average volume of 2,779,876. The company's 50-day moving average is $74.50 and its two-hundred day moving average is $70.32. Skyworks Solutions has a one year low of $47.93 and a one year high of $101.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $940.00 million. During the same period in the prior year, the business earned $1.21 EPS. Skyworks Solutions's revenue for the quarter was up 6.6% compared to the same quarter last year. Skyworks Solutions has set its Q4 2025 guidance at 1.400-1.400 EPS. On average, analysts forecast that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Park Place Capital Corp boosted its stake in shares of Skyworks Solutions by 62.1% during the 2nd quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 141 shares during the period. Atlantic Union Bankshares Corp bought a new position in Skyworks Solutions during the second quarter worth $28,000. Clearstead Trust LLC boosted its holdings in shares of Skyworks Solutions by 200.0% during the 2nd quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 274 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $32,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Skyworks Solutions by 98.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 437 shares of the semiconductor manufacturer's stock worth $33,000 after buying an additional 217 shares during the period. 85.43% of the stock is currently owned by institutional investors.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

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