BMO Capital Markets Initiates Coverage on Skyworks Solutions (NASDAQ:SWKS)

Equities research analysts at BMO Capital Markets started coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report issued 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 target would indicate a potential upside of 3.03% from the company’s previous close.

SWKS has been the topic of a number of other reports. Morgan Stanley decreased their price target on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Craig Hallum boosted their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a report on Wednesday, May 6th. UBS Group boosted their price target 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. Loop Capital boosted their target price on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Finally, B. Riley Financial upped their price target on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Four investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions Trading Down 0.8%

Skyworks Solutions 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 company has a market cap of $10.22 billion, a P/E ratio of 35.20 and a beta of 1.51. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $65.64 and a two-hundred day simple moving average of $63.84.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. During the same period in the prior year, the business posted $1.33 EPS. Skyworks Solutions’s 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. Analysts predict that Skyworks Solutions will post 3.64 EPS for the current year.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently bought and sold shares of SWKS. Quest 10 Wealth Builders Inc. raised its position in Skyworks Solutions by 488.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 342 shares in the last quarter. Caitlin John LLC acquired a new position in Skyworks Solutions during the second quarter worth $27,000. AdvisorNet Financial Inc increased its stake in shares of Skyworks Solutions by 93.8% during the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 257 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Skyworks Solutions during the 2nd quarter worth approximately $28,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Skyworks Solutions in the 4th quarter valued at $29,000. 85.43% of the stock is owned by hedge funds and other 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.