Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Has Consensus Price Target of $79.21

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been given an average recommendation of “Hold” by the twenty-four brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $79.21.

Several equities analysts recently weighed in on the stock. B. Riley Financial upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $68.00 to $107.00 in a research report on Tuesday, October 6th. UBS Group lifted their target price on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Stifel Nicolaus cut their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Finally, TD Cowen lowered their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Skyworks Solutions in the second quarter worth about $1,393,584,000. Pzena Investment Management LLC lifted its position in shares of Skyworks Solutions by 27.6% during the 1st quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock valued at $862,591,000 after buying an additional 3,481,658 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Skyworks Solutions by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock valued at $246,978,000 after acquiring an additional 753,004 shares during the period. Bank of America Corp DE bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at approximately $180,898,000. Finally, First Trust Advisors LP increased its holdings in Skyworks Solutions by 51.7% in the 1st quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock worth $118,818,000 after acquiring an additional 756,280 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Price Performance

SWKS stock opened at $80.23 on Tuesday. The stock has a market capitalization of $12.07 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 2.14 and a beta of 1.48. The company’s 50-day moving average is $77.69 and its 200-day moving average is $70.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $92.80.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating 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 company had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same period last year, the business posted $1.33 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities research analysts expect that Skyworks Solutions will post 3.62 EPS for the current fiscal year.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.