Skyworks Solutions (NASDAQ:SWKS) Price Target Cut to $75.00 by Analysts at Craig Hallum

Skyworks Solutions (NASDAQ:SWKS) had its target price lowered by equities researchers at Craig Hallum from $85.00 to $75.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Craig Hallum’s target price indicates a potential upside of 34.10% from the stock’s current price.

Several other brokerages have also recently commented on SWKS. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $89.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday. Piper Sandler upgraded shares of Skyworks Solutions from a “neutral” rating to an “overweight” rating and upped their target price for the company from $70.00 to $140.00 in a research report on Wednesday, October 29th. Cfra Research raised Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Cfra set a $90.00 price objective on Skyworks Solutions in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Skyworks Solutions in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.63.

Skyworks Solutions Stock Performance

SWKS stock opened at $55.93 on Wednesday. The stock has a market capitalization of $8.39 billion, a PE ratio of 18.22 and a beta of 1.33. Skyworks Solutions has a fifty-two week low of $47.93 and a fifty-two week high of $90.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.33 and a quick ratio of 1.76. The company has a 50 day moving average price of $62.93 and a 200 day moving average price of $69.61.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.23. The business had revenue of $1.10 billion for the quarter. Skyworks Solutions had a return on equity of 12.01% and a net margin of 11.67%.Skyworks Solutions’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 EPS. Analysts forecast that Skyworks Solutions will post 3.7 EPS for the current year.

Insider Buying and Selling

In related news, EVP Reza Kasnavi sold 7,332 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total value of $456,490.32. Following the completion of the transaction, the executive vice president owned 26,087 shares of the company’s stock, valued at approximately $1,624,176.62. This trade represents a 21.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 4,945 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total value of $307,974.60. Following the completion of the sale, the senior vice president directly owned 19,824 shares of the company’s stock, valued at approximately $1,234,638.72. The trade was a 19.96% decrease in their position. The SEC filing for this sale provides additional information. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of Skyworks Solutions

A number of hedge funds have recently modified their holdings of the stock. Financiere des Professionnels Fonds d investissement inc. increased its holdings in Skyworks Solutions by 1.2% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 12,738 shares of the semiconductor manufacturer’s stock worth $981,000 after purchasing an additional 145 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Skyworks Solutions by 5.8% during the third quarter. Wedmont Private Capital now owns 2,775 shares of the semiconductor manufacturer’s stock worth $206,000 after purchasing an additional 151 shares during the last quarter. Manske Wealth Management increased its stake in shares of Skyworks Solutions by 3.8% in the third quarter. Manske Wealth Management now owns 4,318 shares of the semiconductor manufacturer’s stock valued at $332,000 after buying an additional 160 shares during the period. Parallel Advisors LLC raised its holdings in Skyworks Solutions by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after buying an additional 163 shares during the last quarter. Finally, Unison Advisors LLC raised its holdings in Skyworks Solutions by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Key Headlines Impacting Skyworks Solutions

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

• Positive Sentiment: Q1 earnings and revenue topped estimates: EPS $1.54 vs. consensus $1.40 and revenue $1.04B vs. $999M consensus, signaling near-term outperformance. MarketBeat Q1 Results
• Positive Sentiment: Management raised Q2 guidance well above Street forecasts — EPS guidance of $1.04 vs. consensus ~$0.82 and revenue guidance $875–925M vs. ~$866M — citing stronger 5G-driven demand for Skyworks’ RF chips. Reuters: Guidance, 5G Demand
• Positive Sentiment: Board approved a quarterly dividend of $0.71 per share (annualized ~$2.84), implying roughly a 5.1% yield; ex-dividend date and record date Feb 24, payable Mar 17 — supports total-return interest for income investors.
• Neutral Sentiment: Investor and media coverage / earnings assessments and the full earnings call transcript are available for detail on product mix and channel commentary; useful for dissecting sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Morgan Stanley cut its price target from $89 to $68 and moved to an “equal weight” rating, signaling reduced near-to-medium-term upside in analyst models and adding selling pressure. Benzinga: MS Cut
• Negative Sentiment: Management and press noted higher inventory levels, which could indicate channel build or softer near-term sell-through and may pressure margins or future orders if not digested. MSN: Inventory Rise
• Negative Sentiment: On a year-over-year basis, revenue and EPS remain below last year (revenue down ~3.1% YoY; EPS lower than prior-year period), a reminder that beat vs. estimates does not equal cyclical recovery across all end markets. Zacks: Q1 Results

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.