Skyworks Solutions (NASDAQ:SWKS) Given New $85.00 Price Target at Craig Hallum

Skyworks Solutions (NASDAQ:SWKSFree Report) had its target price hoisted by Craig Hallum from $75.00 to $85.00 in a report released on Wednesday,MarketScreener reports.

Other equities analysts have also issued research reports about the company. UBS Group raised their price objective on Skyworks Solutions from $63.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday. Mizuho restated an “underperform” rating and issued a $46.00 price objective (down from $60.00) on shares of Skyworks Solutions in a research report on Monday, April 20th. Loop Capital raised their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday. KeyCorp raised their price objective on shares of Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.61.

View Our Latest Stock Report on SWKS

Skyworks Solutions Trading Up 0.7%

SWKS traded up $0.49 during trading hours on Wednesday, reaching $65.45. The company’s stock had a trading volume of 1,267,896 shares, compared to its average volume of 3,738,150. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The stock has a market cap of $9.84 billion, a PE ratio of 27.15 and a beta of 1.48. The business’s 50-day moving average is $57.70 and its 200-day moving average is $62.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.80.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $943.70 million for the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a return on equity of 11.54% and a net margin of 8.93%.The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, equities research analysts predict that Skyworks Solutions will post 3.25 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be paid a dividend of $0.71 per share. The ex-dividend date is Tuesday, May 26th. This represents a $2.84 annualized dividend and a yield of 4.3%. Skyworks Solutions’s dividend payout ratio is 117.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Swiss National Bank grew its position in Skyworks Solutions by 1.4% in the 1st quarter. Swiss National Bank now owns 296,700 shares of the semiconductor manufacturer’s stock worth $15,888,000 after purchasing an additional 4,100 shares during the last quarter. AIA Group Ltd boosted its holdings in Skyworks Solutions by 67.3% during the first quarter. AIA Group Ltd now owns 96,738 shares of the semiconductor manufacturer’s stock worth $5,180,000 after buying an additional 38,911 shares in the last quarter. Aviance Capital Partners LLC boosted its holdings in Skyworks Solutions by 22.8% during the first quarter. Aviance Capital Partners LLC now owns 6,573 shares of the semiconductor manufacturer’s stock worth $352,000 after buying an additional 1,221 shares in the last quarter. Gallacher Capital Management LLC bought a new stake in Skyworks Solutions during the first quarter worth approximately $519,000. Finally, Financiere des Professionnels Fonds d investissement inc. boosted its stake in Skyworks Solutions by 36.2% in the 1st quarter. Financiere des Professionnels Fonds d investissement inc. now owns 17,345 shares of the semiconductor manufacturer’s stock worth $929,000 after purchasing an additional 4,607 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions News Summary

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

About Skyworks Solutions

(Get Free Report)

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.

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