Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target at $74.22

Skyworks Solutions, Inc. (NASDAQ:SWKS) has received an average recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $74.2222.

Several research firms have recently weighed in on SWKS. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. BNP Paribas Exane upped their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Barclays upgraded Skyworks Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $60.00 to $70.00 in a report on Wednesday, April 22nd. Craig Hallum lifted their price objective on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, Morgan Stanley lowered their target price on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th.

Institutional Investors Weigh In On Skyworks Solutions

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after acquiring an additional 389,168 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Skyworks Solutions by 27.6% in 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 purchasing an additional 3,481,658 shares during the last quarter. State Street Corp lifted its stake in shares of Skyworks Solutions by 1.0% in the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock valued at $418,557,000 after purchasing an additional 64,187 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Skyworks Solutions by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock worth $374,229,000 after purchasing an additional 137,506 shares in the last quarter. Finally, FIL Ltd boosted its holdings in Skyworks Solutions by 50.5% in the fourth quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock worth $329,111,000 after purchasing an additional 1,742,338 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 0.3%

Shares of Skyworks Solutions stock opened at $66.99 on Thursday. The business has a fifty day simple moving average of $67.33 and a 200-day simple moving average of $63.01. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 34.71 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.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The company had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. Skyworks Solutions’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities analysts forecast that Skyworks Solutions will post 3.62 EPS for the current fiscal year.

About Skyworks Solutions

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.