Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Target Price at $74.00

Skyworks Solutions, Inc. (NASDAQ:SWKS) has received an average recommendation of “Hold” from the twenty-four research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $74.00.

SWKS has been the topic of several recent analyst reports. Loop Capital increased their target price on shares of Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. UBS Group lifted their price target on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada cut their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Mizuho decreased their price objective on shares of Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $66.62 on Monday. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 34.52 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The business has a 50 day simple moving average of $65.15 and a 200-day simple moving average of $64.08. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.05. The firm had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts forecast that Skyworks Solutions will post 3.64 EPS for the current year.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Skyworks Solutions in the second quarter worth about $1,393,584,000. Pzena Investment Management LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth about $1,082,972,000. California State Teachers Retirement System lifted its holdings 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 valued at $801,648,000 after buying an additional 11,651,723 shares in the last quarter. Bank of America Corp DE bought a new stake in Skyworks Solutions during the 2nd quarter valued at about $180,898,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $143,597,000. 85.43% of the stock is 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.