Stifel Nicolaus Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $70.00

Skyworks Solutions (NASDAQ:SWKSFree Report) had its price target decreased by Stifel Nicolaus from $75.00 to $70.00 in a report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the semiconductor manufacturer’s stock.

SWKS has been the topic of a number of other reports. William Blair reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday. B. Riley Financial increased their target price on shares of Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Citigroup decreased their price target on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday. Finally, TD Cowen dropped their target price on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.22.

Read Our Latest Stock Analysis on Skyworks Solutions

Skyworks Solutions Trading Down 0.3%

Shares of SWKS stock opened at $62.28 on Wednesday. The company has a market capitalization of $9.37 billion, a P/E ratio of 32.27 and a beta of 1.50. The business’s 50 day moving average is $68.32 and its two-hundred day moving average is $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 has a twelve month low of $51.93 and a twelve month high of $90.90.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. During the same quarter last year, the firm earned $1.33 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts forecast that Skyworks Solutions will post 3.62 EPS for the current year.

Skyworks Solutions Announces Dividend

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

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in Skyworks Solutions by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after purchasing an additional 163 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Skyworks Solutions by 4.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after acquiring an additional 200 shares in the last quarter. AAFMAA Wealth Management & Trust LLC raised its holdings in Skyworks Solutions by 3.2% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock worth $468,000 after acquiring an additional 212 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Skyworks Solutions by 2.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 213 shares during the last quarter. Finally, Unison Advisors LLC boosted its position in Skyworks Solutions by 1.2% during the first quarter. Unison Advisors LLC now owns 18,418 shares of the semiconductor manufacturer’s stock valued at $986,000 after purchasing an additional 219 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Skyworks Solutions

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

About Skyworks Solutions

(Get Free Report)

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.

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