Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $85.00

Skyworks Solutions (NASDAQ:SWKSGet Free Report) had its price objective hoisted by equities research analysts at Craig Hallum from $75.00 to $85.00 in a note issued to investors on Wednesday,MarketScreener reports. Craig Hallum’s price target suggests a potential upside of 28.20% from the stock’s previous close.

Several other equities research analysts have also commented on SWKS. Weiss Ratings lowered shares of Skyworks Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Susquehanna cut their target price on Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. KeyCorp increased their price target on Skyworks Solutions from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday. Loop Capital raised their price target on Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday. Finally, Wall Street Zen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $76.61.

View Our Latest Research Report on Skyworks Solutions

Skyworks Solutions Stock Performance

SWKS stock traded up $1.35 during mid-day trading on Wednesday, reaching $66.31. The company had a trading volume of 296,134 shares, compared to its average volume of 3,727,792. Skyworks Solutions has a one year low of $51.93 and a one year high of $90.90. The stock has a market capitalization of $9.97 billion, a P/E ratio of 27.51 and a beta of 1.48. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 0.09. The stock’s 50-day simple moving average is $57.70 and its two-hundred day simple moving average is $62.50.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The business had revenue of $943.70 million for the quarter, compared to analysts’ expectations of $901.76 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.54%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Research analysts anticipate that Skyworks Solutions will post 3.25 EPS for the current year.

Institutional Trading of Skyworks Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its stake in Skyworks Solutions by 1.4% during the first quarter. Swiss National Bank now owns 296,700 shares of the semiconductor manufacturer’s stock valued at $15,888,000 after buying an additional 4,100 shares in the last quarter. AIA Group Ltd grew its stake in shares of Skyworks Solutions by 67.3% in the 1st quarter. AIA Group Ltd now owns 96,738 shares of the semiconductor manufacturer’s stock worth $5,180,000 after purchasing an additional 38,911 shares during the last quarter. Aviance Capital Partners LLC increased its holdings in shares of Skyworks Solutions by 22.8% in the first quarter. Aviance Capital Partners LLC now owns 6,573 shares of the semiconductor manufacturer’s stock valued at $352,000 after buying an additional 1,221 shares in the last quarter. Gallacher Capital Management LLC acquired a new stake in shares of Skyworks Solutions during the first quarter worth $519,000. Finally, Financiere des Professionnels Fonds d investissement inc. lifted its holdings in shares of Skyworks Solutions by 36.2% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 17,345 shares of the semiconductor manufacturer’s stock valued at $929,000 after purchasing an additional 4,607 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

More Skyworks Solutions News

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About Skyworks Solutions

(Get Free Report)

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.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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