Skyworks Solutions (NASDAQ:SWKS) Shares Up 5.1% – Should You Buy?

Skyworks Solutions, Inc. (NASDAQ:SWKS)’s share price rose 5.1% during trading on Thursday . The company traded as high as $79.09 and last traded at $80.4710. Approximately 1,616,980 shares were traded during trading, a decline of 65% from the average session volume of 4,658,226 shares. The stock had previously closed at $76.54.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SWKS shares. Royal Bank Of Canada dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 29th. TD Cowen lowered their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Mizuho reduced their target price on shares of Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.00.

Skyworks Solutions Trading Up 9.2%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The company has a market capitalization of $12.58 billion, a PE ratio of 43.37, a PEG ratio of 2.07 and a beta of 1.52. The stock has a fifty day moving average of $65.26 and a 200 day moving average of $64.73.

Skyworks Solutions (NASDAQ:SWKS) last announced 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 business had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, sell-side analysts predict that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Institutional Trading of Skyworks Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of SWKS. Parkside Financial Bank & Trust boosted its holdings in shares of Skyworks Solutions by 108.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 206 shares during the last quarter. Caitlin John LLC bought a new stake in shares of Skyworks Solutions in the second quarter worth about $27,000. J.Safra Asset Management Corp purchased a new stake in shares of Skyworks Solutions in the second quarter worth about $28,000. CYBER HORNET ETFs LLC bought a new position in Skyworks Solutions during the second quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in Skyworks Solutions during the second quarter valued at approximately $33,000. 85.43% of the stock is currently owned by institutional investors.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.