Skyworks Solutions (NASDAQ:SWKS) Stock Gets Price Target Cut from Royal Bank Of Canada

Skyworks Solutions (NASDAQ:SWKS) had its price objective lowered by Royal Bank Of Canada from $95.00 to $80.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a sector perform rating on the semiconductor manufacturer’s stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Skyworks Solutions in a research report on Wednesday, October 28th. BMO Capital Markets started coverage on Skyworks Solutions in a report on Friday, August 21st. They issued a “market perform” rating and a $70.00 price objective on the stock. UBS Group lifted their price objective on Skyworks Solutions from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Finally, Citigroup boosted their target price on Skyworks Solutions from $64.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average target price of $77.28.

Skyworks Solutions Trading Up 1.2%

Skyworks Solutions stock traded up $0.98 during trading on Wednesday, reaching $82.19. The company had a trading volume of 4,007,602 shares, compared to its average volume of 5,337,441. Skyworks Solutions has a 12-month low of $51.93 and a 12-month high of $92.80. The stock’s 50 day moving average price is $82.14 and its two-hundred day moving average price is $68.17. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 72.10, a PEG ratio of 2.32 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. As a group, equities analysts expect that Skyworks Solutions will post 3.78 earnings per share for the current fiscal year.

Institutional Trading of Skyworks Solutions

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Skyworks Solutions in the second quarter valued at about $1,393,584,000. Pzena Investment Management LLC purchased a new stake in shares of Skyworks Solutions in the second quarter worth about $1,082,972,000. Dimensional Fund Advisors LP boosted its position in shares of Skyworks Solutions by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock worth $246,978,000 after buying an additional 753,004 shares during the period. Bank of America Corp DE acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $180,898,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $143,597,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions News Summary

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

• Positive Sentiment: Zacks upgraded Skyworks to Rank #1 (Strong Buy), citing improving earnings prospects; the upgrade could support investor optimism. All You Need to Know About Skyworks Rating Upgrade to Strong Buy
• Neutral Sentiment: Goldman Sachs was reported among institutions picking up SWKS shares, though the headline provides no details on the size or timing of the purchase. Skyworks Stock Picked Up by Analysts at The Goldman Sachs Group
• Negative Sentiment: Analyst caution is more widespread: Barclays cut its rating from Overweight to Equal Weight and set a $79 target, while TD Cowen maintained a Hold and RBC lowered its expectations. Susquehanna also issued a pessimistic forecast. Reports linked an analyst downgrade to a gap down in SWKS shares. Barclays rating TD Cowen rating RBC lowers expectations Susquehanna forecast
• Negative Sentiment: Weakness across handset-related stocks—including a sharp Qualcomm selloff after cautious guidance and concerns about handset demand—adds a sector headwind for Skyworks. Qualcomm and handset-sector news

Skyworks Solutions Company Profile

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.