Citigroup Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $64.00

Skyworks Solutions (NASDAQ:SWKS) had its price target reduced by Citigroup from $77.00 to $64.00 in a research note published on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the semiconductor manufacturer’s stock.

A number of other analysts have also weighed in on SWKS. Barclays upgraded Skyworks Solutions from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Loop Capital upped their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. B. Riley Financial increased their price objective on shares of Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Bank of America restated an “underperform” rating and issued a $65.00 price objective on shares of Skyworks Solutions in a research report on Wednesday. Finally, BNP Paribas Exane boosted their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $74.22.

Skyworks Solutions Stock Down 0.3%

SWKS opened at $62.28 on Wednesday. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 32.27 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 3.10. The firm’s 50-day simple moving average is $68.32 and its 200-day simple moving average is $62.85. Skyworks Solutions has a twelve month low of $51.93 and a twelve month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.05. The firm had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities research analysts anticipate that Skyworks Solutions will post 3.62 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 147.15%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jackson Creek Investment Advisors LLC bought a new stake in Skyworks Solutions in the 4th quarter valued at $1,388,000. AlphaQuest LLC increased its holdings in Skyworks Solutions by 662.4% during the 4th quarter. AlphaQuest LLC now owns 53,355 shares of the semiconductor manufacturer’s stock worth $3,383,000 after purchasing an additional 46,357 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Skyworks Solutions by 1,718.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,830 shares of the semiconductor manufacturer’s stock worth $7,980,000 after purchasing an additional 118,909 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock valued at $1,338,198,000 after purchasing an additional 389,168 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $19,403,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Key Skyworks Solutions News

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

• Positive Sentiment: UBS raised its Skyworks price target to $70, providing one of the few bullish analyst signals and suggesting meaningful upside from recent trading levels. UBS Group Increases Skyworks Solutions Price Target
• Neutral Sentiment: Analyst opinion remains mixed. Skyworks has an average “Hold” recommendation, indicating that brokerages generally see limited near-term catalysts and a relatively balanced risk-reward profile. Skyworks Given Average Hold Recommendation
• Neutral Sentiment: A valuation review concluded that SWKS is trading near estimated fair value, rather than at a clearly discounted level. That limits the appeal of the stock as a value opportunity unless operating fundamentals improve. Skyworks Trades Near Fair Value
• Neutral Sentiment: Broader technology-sector commentary described mixed views on Skyworks, reinforcing uncertainty around its growth outlook relative to other semiconductor and technology companies. Analysts Opinions Are Mixed on Technology Stocks
• Negative Sentiment: Citigroup cut its price target to $64 and TD Cowen lowered its target to $65. These targets leave relatively little upside and signal that analysts are becoming more cautious about the company’s earnings trajectory. Citigroup Lowers Skyworks Price Target TD Cowen Lowers Skyworks Price Target
• Negative Sentiment: JPMorgan, RBC, Stifel and Mizuho also lowered their expectations for Skyworks’ stock, creating a broad wave of negative analyst revisions likely weighing on investor sentiment. JPMorgan Lowers Skyworks Expectations RBC Lowers Skyworks Expectations Stifel Lowers Skyworks Expectations

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.