Skyworks Solutions (NASDAQ:SWKS) Trading 7.1% Higher – Here’s Why

Skyworks Solutions, Inc. (NASDAQ:SWKS) shares were up 7.1% during mid-day trading on Wednesday . The company traded as high as $71.69 and last traded at $72.2220. Approximately 2,263,251 shares were traded during trading, a decline of 51% from the average daily volume of 4,635,233 shares. The stock had previously closed at $67.41.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SWKS. William Blair reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 29th. BNP Paribas Exane boosted their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Citigroup lowered their target price on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, July 27th. Finally, Stifel Nicolaus decreased their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.00.

Skyworks Solutions Price Performance

The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.52. The stock’s 50 day moving average price is $64.61 and its two-hundred day moving average price is $64.20. 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 announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share 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 firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. During the same quarter in the previous year, the business earned $1.33 EPS. Skyworks Solutions’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 forecast that Skyworks Solutions, Inc. will post 3.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SWKS. United Services Automobile Association purchased a new position in Skyworks Solutions in the 1st quarter valued at approximately $236,000. Focus Partners Wealth raised its position in shares of Skyworks Solutions by 99.0% during the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock worth $611,000 after acquiring an additional 4,702 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Skyworks Solutions by 137.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,298 shares of the semiconductor manufacturer’s stock worth $171,000 after purchasing an additional 1,330 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Skyworks Solutions in the second quarter valued at approximately $259,000. Finally, Gabelli Funds LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $1,004,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.