Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $90.00

Skyworks Solutions (NASDAQ:SWKS) had its price objective raised by Susquehanna from $65.00 to $90.00 in a research note published on Wednesday,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor manufacturer’s stock.

Other equities analysts also recently issued research reports about the company. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. Citigroup boosted their target price on shares of Skyworks Solutions from $64.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. B. Riley Financial upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $68.00 to $107.00 in a report on Tuesday, October 6th. KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Finally, Bank of America reiterated an “underperform” rating and issued a $65.00 price target on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $80.53.

Skyworks Solutions Stock Up 1.3%

SWKS stock opened at $83.47 on Wednesday. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $92.80. The business’s 50 day moving average price is $78.73 and its two-hundred day moving average price is $70.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 2.24 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.05. The firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, analysts forecast that Skyworks Solutions will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SWKS. Fortitude Family Office LLC grew its holdings in shares of Skyworks Solutions by 254.7% during the third quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 242 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Skyworks Solutions by 108.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 206 shares during the last quarter. Caitlin John LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp purchased a new position in Skyworks Solutions in the 2nd quarter worth approximately $28,000. Finally, Hara Capital LLC bought a new position in Skyworks Solutions in the 2nd quarter valued at approximately $35,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.