Skyworks Solutions (NASDAQ:SWKS) Stock Price Down 3.5% – What’s Next?

Skyworks Solutions, Inc. (NASDAQ:SWKS) shares fell 3.5% during trading on Tuesday . The stock traded as low as $64.38 and last traded at $64.49. 378,731 shares traded hands during trading, a decline of 92% from the average session volume of 4,531,845 shares. The stock had previously closed at $66.86.

Analyst Upgrades and Downgrades

SWKS has been the subject of several research analyst reports. BNP Paribas Exane boosted their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Monday, July 27th. William Blair restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. UBS Group upped their price target on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Citigroup decreased their price target on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions Trading Down 3.6%

The company has a market capitalization of $9.70 billion, a P/E ratio of 33.38 and a beta of 1.51. The business has a 50 day moving average price of $65.32 and a 200 day moving average price of $63.99. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating 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 net margin of 7.23% and a return on equity of 10.74%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Analysts anticipate that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWKS. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. BlackRock Inc. acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at approximately $1,393,584,000. Pzena Investment Management LLC increased its stake 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 worth $862,591,000 after purchasing an additional 3,481,658 shares in the last quarter. California State Teachers Retirement System increased its stake in Skyworks Solutions by 6,774.8% during the 2nd quarter. California State Teachers Retirement System now owns 11,823,710 shares of the semiconductor manufacturer’s stock worth $801,648,000 after purchasing an additional 11,651,723 shares in the last quarter. Finally, State Street Corp raised its holdings in Skyworks Solutions by 1.0% during the 4th quarter. State Street Corp now owns 6,600,800 shares of the semiconductor manufacturer’s stock worth $418,557,000 after buying an additional 64,187 shares during the period. 85.43% of the stock is currently owned by institutional investors.

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.