Skyworks Solutions (NASDAQ:SWKS) Upgraded to "Overweight" at Barclays

Key Points

• Barclays upgraded Skyworks Solutions from "equal weight" to "overweight" and set a $70 price target, implying about a 16.8% upside from the stock's current level.
• Other analysts have trimmed targets and the consensus remains cautious—MarketBeat shows a "Hold" consensus with an average price target of $70.28 (ratings: 1 Strong Buy, 4 Buy, 16 Hold, 3 Sell).
• Skyworks beat Q1 estimates with $1.54 EPS (vs. $1.40 est.) on $1.04B revenue (down 3.1% YoY); the stock is trading near $59.94 with a $9.02B market cap and a P/E of 23.05.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) was upgraded by stock analysts at Barclays from an "equal weight" rating to an "overweight" rating in a report released on Wednesday, Marketbeat reports. The firm currently has a $70.00 price target on the semiconductor manufacturer's stock. Barclays's price target suggests a potential upside of 16.78% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. KeyCorp lowered their target price on shares of Skyworks Solutions from $105.00 to $75.00 and set an "overweight" rating for the company in a report on Wednesday, February 4th. Stifel Nicolaus restated a "hold" rating and issued a $65.00 target price (down from $72.00) on shares of Skyworks Solutions in a report on Wednesday, February 4th. Citigroup lowered their target price on shares of Skyworks Solutions from $80.00 to $63.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. BNP Paribas Exane lowered their target price on shares of Skyworks Solutions from $73.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, January 21st. Finally, B. Riley Financial lowered their target price on shares of Skyworks Solutions from $70.00 to $60.00 and set a "neutral" rating for the company in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $70.28.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $59.94 on Wednesday. The firm has a market capitalization of $9.02 billion, a P/E ratio of 23.05 and a beta of 1.30. The stock has a fifty day moving average price of $57.13 and a 200 day moving average price of $63.09. Skyworks Solutions has a 52 week low of $51.93 and a 52 week high of $90.90. The company has a current ratio of 2.40, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 EPS for the quarter, beating the consensus estimate of $1.40 by $0.14. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $999.02 million. During the same period in the prior year, the firm posted $1.60 earnings per share. The business's quarterly revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. Equities research analysts anticipate that Skyworks Solutions will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SWKS. Norges Bank purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $121,304,000. FIL Ltd raised its stake in shares of Skyworks Solutions by 50.5% during the fourth quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer's stock valued at $329,111,000 after purchasing an additional 1,742,338 shares during the period. Capital Research Global Investors purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $102,279,000. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 4.9% during the third quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer's stock valued at $1,594,620,000 after purchasing an additional 958,768 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Skyworks Solutions by 391.3% during the third quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer's stock valued at $41,401,000 after purchasing an additional 722,414 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.