Skyworks Solutions (NASDAQ:SWKS) Upgraded to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Skyworks Solutions (NASDAQ:SWKS) to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the company. Barclays raised Skyworks Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Stifel Nicolaus decreased their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. TD Cowen lowered their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. BNP Paribas Exane upped their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. Finally, KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.00.

Skyworks Solutions Trading Down 1.2%

NASDAQ SWKS opened at $67.14 on Thursday. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The stock’s 50-day simple moving average is $65.50 and its two-hundred day simple moving average is $63.86. Skyworks Solutions has a twelve month low of $51.93 and a twelve month high of $90.90. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 34.79 and a beta of 1.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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 3.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

Several hedge funds have recently made changes to their positions in SWKS. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 21,103,896 shares of the semiconductor manufacturer’s stock worth $1,338,198,000 after acquiring an additional 389,168 shares during the period. BlackRock Inc. purchased a new position in Skyworks Solutions during the 2nd quarter valued at $1,393,584,000. Pzena Investment Management LLC increased its position in Skyworks Solutions by 27.6% during the 1st quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock valued at $862,591,000 after purchasing an additional 3,481,658 shares during the period. State Street Corp raised its holdings in Skyworks Solutions by 1.0% in the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock worth $418,557,000 after purchasing an additional 64,187 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Skyworks Solutions by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,901,731 shares of the semiconductor manufacturer’s stock worth $374,229,000 after purchasing an additional 137,506 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.