Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $77.00

Skyworks Solutions (NASDAQ:SWKS) had its price target increased by Citigroup from $63.00 to $77.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the semiconductor manufacturer’s stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday. Weiss Ratings downgraded shares of Skyworks Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Craig Hallum dropped their price objective on shares of Skyworks Solutions from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Mizuho restated an “underperform” rating and set a $46.00 price objective (down from $60.00) on shares of Skyworks Solutions in a report on Monday, April 20th. Finally, B. Riley Financial boosted their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Stock Up 2.7%

SWKS stock opened at $66.78 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.80 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $90.90. The company has a fifty day simple moving average of $57.81 and a 200 day simple moving average of $62.43. The firm has a market cap of $10.04 billion, a PE ratio of 27.71 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, topping the consensus estimate of $1.04 by $0.11. The firm had revenue of $943.70 million for the quarter, compared to the consensus estimate of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Sell-side analysts anticipate that Skyworks Solutions will post 3.25 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be given a $0.71 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $2.84 dividend on an annualized basis and a yield of 4.3%. Skyworks Solutions’s payout ratio is 117.84%.

Hedge Funds Weigh In On Skyworks Solutions

A number of large investors have recently modified their holdings of SWKS. Quest 10 Wealth Builders Inc. raised its stake in shares of Skyworks Solutions by 488.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 342 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Skyworks Solutions during the second quarter worth approximately $32,000. MUFG Securities EMEA plc bought a new stake in shares of Skyworks Solutions during the second quarter worth approximately $33,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Skyworks Solutions during the fourth quarter worth approximately $29,000. Finally, Root Financial Partners LLC bought a new stake in shares of Skyworks Solutions during the third quarter worth approximately $36,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

More Skyworks Solutions News

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Several brokers raised their price targets on Skyworks Solutions, including Loop Capital, Craig Hallum, UBS, TD Cowen, KeyCorp, JPMorgan, Citi, BNP Paribas Exane, and others, with new targets mostly in the $70 to $85 range. Article Link
• Positive Sentiment: Skyworks recently beat second-quarter EPS estimates, which reinforced the view that earnings momentum may be improving and helped support bullish analyst forecasts. Article Link
• Neutral Sentiment: Analysts remain cautious overall despite the higher targets, with some firms still carrying neutral or hold ratings, signaling that upside expectations are not universally strong. Article Link
• Negative Sentiment: A shareholder litigation firm announced an investigation into possible fiduciary-duty breaches by Skyworks officers and directors, which could create legal overhang and weigh on sentiment. Article Link

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.