Royal Bank Of Canada Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $70.00

Skyworks Solutions (NASDAQ:SWKS) had its target price cut by Royal Bank Of Canada from $80.00 to $70.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a sector perform rating on the semiconductor manufacturer’s stock.

SWKS has been the subject of a number of other reports. Morgan Stanley raised their price target on Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Monday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Skyworks Solutions in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Barclays upgraded shares of Skyworks Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.22.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $62.28 on Wednesday. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 32.27 and a beta of 1.50. Skyworks Solutions has a 12 month low of $51.93 and a 12 month high of $90.90. The firm has a fifty day simple moving average of $68.32 and a 200 day simple moving average of $62.85. The company has a current ratio of 3.10, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09.

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

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, May 26th. Skyworks Solutions’s payout ratio is presently 147.15%.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its stake in shares of Skyworks Solutions by 27.6% in the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock valued at $862,591,000 after buying an additional 3,481,658 shares during the period. Norges Bank bought a new position in Skyworks Solutions during the 4th quarter worth $121,304,000. FIL Ltd increased its stake in Skyworks Solutions by 50.5% during the 4th quarter. FIL Ltd now owns 5,190,211 shares of the semiconductor manufacturer’s stock worth $329,111,000 after acquiring an additional 1,742,338 shares during the period. Capital Research Global Investors acquired a new position in Skyworks Solutions in the 4th quarter valued at $102,279,000. Finally, First Trust Advisors LP raised its holdings in Skyworks Solutions by 51.7% in the 1st quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock valued at $118,818,000 after acquiring an additional 756,280 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Trending Headlines about Skyworks Solutions

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

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.