Skyworks Solutions, Inc. (NASDAQ:SWKS) Stock Has Average Target Price of $77.28

Skyworks Solutions, Inc. (NASDAQ:SWKS) has earned a consensus rating of “Hold” from the twenty-four research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $77.94.

Several equities analysts have weighed in on SWKS shares. JPMorgan Chase & Co. raised their target price on shares of Skyworks Solutions from $65.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Skyworks Solutions in a report on Wednesday, October 28th. The Goldman Sachs Group initiated coverage on shares of Skyworks Solutions in a research report on Wednesday, November 4th. They issued a “sell” rating and a $78.00 price target on the stock. Royal Bank Of Canada lowered their price target on shares of Skyworks Solutions from $95.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 4th. Finally, William Blair reissued a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $87.64 on Friday. The company has a quick ratio of 2.48, a current ratio of 3.34 and a debt-to-equity ratio of 0.43. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $92.80. The stock has a market cap of $13.19 billion, a PE ratio of 76.88, a price-to-earnings-growth ratio of 1.40 and a beta of 1.51. The firm’s fifty day simple moving average is $83.20 and its 200-day simple moving average is $68.55.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. Skyworks Solutions had a net margin of 4.35% and a return on equity of 9.70%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Analysts expect that Skyworks Solutions will post 4.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of Skyworks Solutions by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer’s stock worth $537,000 after purchasing an additional 145 shares during the period. North Dakota State Investment Board boosted its holdings in shares of Skyworks Solutions by 3.3% during the third quarter. North Dakota State Investment Board now owns 4,598 shares of the semiconductor manufacturer’s stock worth $393,000 after purchasing an additional 148 shares during the last quarter. Lido Advisors LLC grew its position in shares of Skyworks Solutions by 2.2% in the third quarter. Lido Advisors LLC now owns 8,150 shares of the semiconductor manufacturer’s stock valued at $697,000 after purchasing an additional 179 shares during the period. Empirical Finance LLC grew its position in shares of Skyworks Solutions by 3.2% in the second quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer’s stock valued at $393,000 after purchasing an additional 182 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Skyworks Solutions by 108.4% in the second quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 206 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc. designs and manufactures semiconductor products that connect people, devices and networks. Its portfolio includes radio-frequency (RF) components and other analog and mixed-signal solutions used to transmit, receive and process signals. The company’s products include amplifiers, filters, switches and integrated RF modules, as well as connectivity solutions. They are used in smartphones and other mobile devices, automotive systems, broadband equipment, wireless infrastructure and Internet of Things applications.