Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $80.00

Skyworks Solutions (NASDAQ:SWKS) had its target price raised by equities research analysts at Royal Bank Of Canada from $72.00 to $80.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm currently has a “sector perform” rating on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 7.09% from the stock’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus raised their target price on Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Morgan Stanley upped their price target on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen boosted their price target on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Finally, Citigroup increased their price target on Skyworks Solutions from $63.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $77.06.

Skyworks Solutions Trading Down 1.9%

Shares of Skyworks Solutions stock opened at $74.71 on Tuesday. The firm’s 50 day moving average is $69.70 and its 200 day moving average is $63.37. The firm has a market capitalization of $11.24 billion, a PE ratio of 30.29 and a beta of 1.50. The company has a current ratio of 2.38, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $901.76 million. Skyworks Solutions had a return on equity of 11.52% and a net margin of 8.93%.Skyworks Solutions’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Equities research analysts forecast that Skyworks Solutions will post 3.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in Skyworks Solutions in the 1st quarter valued at $1,221,000. Pacer Advisors Inc. increased its holdings in Skyworks Solutions by 10.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,047,150 shares of the semiconductor manufacturer’s stock worth $56,075,000 after purchasing an additional 101,821 shares in the last quarter. Shariaportfolio Inc. purchased a new stake in shares of Skyworks Solutions in the first quarter worth approximately $1,510,000. Parallel Advisors LLC boosted its holdings in Skyworks Solutions by 34.1% during the 1st quarter. Parallel Advisors LLC now owns 4,175 shares of the semiconductor manufacturer’s stock worth $224,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Skyworks Solutions by 17.9% in the 1st quarter. Glenmede Trust Co. NA now owns 244,788 shares of the semiconductor manufacturer’s stock worth $13,108,000 after acquiring an additional 37,240 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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.