Skyworks Solutions (NASDAQ:SWKS) Price Target Cut to $60.00 by Analysts at BNP Paribas Exane

Skyworks Solutions (NASDAQ:SWKS) had its price target cut by BNP Paribas Exane from $73.00 to $60.00 in a research report sent to investors on Wednesday morning,MarketScreener reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.

SWKS has been the topic of a number of other research reports. Stifel Nicolaus set a $72.00 target price on Skyworks Solutions in a research report on Wednesday, November 5th. Piper Sandler upgraded shares of Skyworks Solutions from a “neutral” rating to an “overweight” rating and raised their price target for the company from $70.00 to $140.00 in a research note on Wednesday, October 29th. UBS Group decreased their price target on shares of Skyworks Solutions from $80.00 to $63.00 and set a “neutral” rating on the stock in a report on Tuesday. Wall Street Zen downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, KeyCorp set a $105.00 target price on shares of Skyworks Solutions and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.39.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded up $2.13 during trading hours on Wednesday, hitting $60.68. 772,503 shares of the stock were exchanged, compared to its average volume of 3,822,242. The company’s fifty day simple moving average is $64.01 and its two-hundred day simple moving average is $70.75. The company has a market cap of $9.10 billion, a PE ratio of 19.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.76 and a current ratio of 2.33. Skyworks Solutions has a 1-year low of $47.93 and a 1-year high of $93.33.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, beating the consensus estimate of $1.53 by $0.23. The business had revenue of $1.10 billion during the quarter. Skyworks Solutions had a net margin of 11.67% and a return on equity of 12.01%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. On average, sell-side analysts predict that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $2.84 annualized dividend and a yield of 4.7%. Skyworks Solutions’s payout ratio is presently 92.51%.

Insider Activity

In related news, EVP Reza Kasnavi sold 7,332 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $62.26, for a total value of $456,490.32. Following the sale, the executive vice president directly owned 26,087 shares in the company, valued at $1,624,176.62. This represents a 21.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert John Terry sold 4,945 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $62.28, for a total transaction of $307,974.60. Following the transaction, the senior vice president owned 19,824 shares of the company’s stock, valued at approximately $1,234,638.72. The trade was a 19.96% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Several large investors have recently modified their holdings of the company. Pzena Investment Management LLC lifted its holdings in Skyworks Solutions by 57.3% in the second quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer’s stock valued at $909,714,000 after buying an additional 4,444,747 shares during the period. Norges Bank acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $140,807,000. Vanguard Group Inc. boosted its position in shares of Skyworks Solutions by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer’s stock valued at $1,594,620,000 after purchasing an additional 958,768 shares in the last quarter. Marshall Wace LLP grew its stake in Skyworks Solutions by 391.3% during the third quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer’s stock worth $41,401,000 after purchasing an additional 722,414 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in Skyworks Solutions by 52.1% during the second quarter. Rafferty Asset Management LLC now owns 2,024,243 shares of the semiconductor manufacturer’s stock worth $150,847,000 after purchasing an additional 693,379 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.