Skyworks Solutions (NASDAQ:SWKS) Price Target Lowered to $65.00 at TD Cowen

Skyworks Solutions (NASDAQ:SWKS) had its target price cut by investment analysts at TD Cowen from $75.00 to $65.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a “hold” rating on the semiconductor manufacturer’s stock. TD Cowen’s target price points to a potential upside of 14.07% from the company’s current price.

SWKS has been the topic of several other reports. Stifel Nicolaus reiterated a “hold” rating and issued a $65.00 target price (down from $72.00) on shares of Skyworks Solutions in a report on Wednesday. Wall Street Zen lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. B. Riley reduced their target price on Skyworks Solutions from $70.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. JPMorgan Chase & Co. increased their price target on Skyworks Solutions from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Susquehanna cut their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.70.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $56.99 on Wednesday. The stock has a 50 day moving average price of $62.93 and a 200 day moving average price of $69.61. The stock has a market cap of $8.54 billion, a PE ratio of 19.03 and a beta of 1.33. 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 one year low of $47.93 and a one year high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.23. Skyworks Solutions had a return on equity of 12.01% and a net margin of 11.67%.The company had revenue of $1.10 billion during the quarter. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Insider Activity

In related news, EVP Reza Kasnavi sold 7,332 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total value of $456,490.32. Following the sale, the executive vice president owned 26,087 shares of the company’s stock, valued at $1,624,176.62. This trade represents a 21.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert John Terry sold 4,945 shares of Skyworks Solutions 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 completion of the transaction, the senior vice president owned 19,824 shares of the company’s stock, valued at $1,234,638.72. This represents a 19.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Skyworks Solutions

Several large investors have recently bought and sold shares of SWKS. Financial Consulate Inc. acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth about $29,000. Atlantic Union Bankshares Corp acquired a new position in Skyworks Solutions in the second quarter valued at approximately $28,000. Clearstead Trust LLC increased its stake in Skyworks Solutions by 200.0% in the second quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 274 shares during the last quarter. Quest 10 Wealth Builders Inc. increased its stake in Skyworks Solutions by 488.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions News Roundup

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

• Positive Sentiment: Q1 earnings and revenue topped estimates: EPS $1.54 vs. consensus $1.40 and revenue $1.04B vs. $999M consensus, signaling near-term outperformance. MarketBeat Q1 Results
• Positive Sentiment: Management raised Q2 guidance well above Street forecasts — EPS guidance of $1.04 vs. consensus ~$0.82 and revenue guidance $875–925M vs. ~$866M — citing stronger 5G-driven demand for Skyworks’ RF chips. Reuters: Guidance, 5G Demand
• Positive Sentiment: Board approved a quarterly dividend of $0.71 per share (annualized ~$2.84), implying roughly a 5.1% yield; ex-dividend date and record date Feb 24, payable Mar 17 — supports total-return interest for income investors.
• Neutral Sentiment: Investor and media coverage / earnings assessments and the full earnings call transcript are available for detail on product mix and channel commentary; useful for dissecting sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Morgan Stanley cut its price target from $89 to $68 and moved to an “equal weight” rating, signaling reduced near-to-medium-term upside in analyst models and adding selling pressure. Benzinga: MS Cut
• Negative Sentiment: Management and press noted higher inventory levels, which could indicate channel build or softer near-term sell-through and may pressure margins or future orders if not digested. MSN: Inventory Rise
• Negative Sentiment: On a year-over-year basis, revenue and EPS remain below last year (revenue down ~3.1% YoY; EPS lower than prior-year period), a reminder that beat vs. estimates does not equal cyclical recovery across all end markets. Zacks: Q1 Results

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.