Skyworks Solutions (NASDAQ:SWKS) Upgraded at B. Riley Financial

B. Riley Financial upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have $107.00 price objective on the semiconductor manufacturer’s stock, up from their previous price objective of $68.00.

Other equities analysts have also issued reports about the company. TD Cowen reduced their price target on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research 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. Citigroup dropped their price objective on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Mizuho reduced their target price on shares of Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. Finally, KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $78.74.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $80.75 on Tuesday. The firm’s fifty day simple moving average is $76.09 and its 200 day simple moving average is $69.13. 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 has a twelve month low of $51.93 and a twelve month high of $92.80. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 2.21 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.05. The firm had revenue of $934.80 million during 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 firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, equities research analysts expect that Skyworks Solutions will post 3.62 earnings per share for the current fiscal year.

Institutional Trading of Skyworks Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Skyworks Solutions by 54.6% during the third quarter. GAMMA Investing LLC now owns 6,857 shares of the semiconductor manufacturer’s stock valued at $586,000 after buying an additional 2,423 shares in the last quarter. Atwood & Palmer Inc. grew its position in shares of Skyworks Solutions by 71.2% in the 3rd quarter. Atwood & Palmer Inc. now owns 601 shares of the semiconductor manufacturer’s stock worth $51,000 after acquiring an additional 250 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Skyworks Solutions in the 2nd quarter worth approximately $218,000. Sequoia Financial Advisors LLC increased its holdings in shares of Skyworks Solutions by 154.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,115 shares of the semiconductor manufacturer’s stock valued at $1,364,000 after acquiring an additional 12,203 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Skyworks Solutions by 1.9% in the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer’s stock valued at $537,000 after acquiring an additional 145 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ:SWKS) is a semiconductor company that develops high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company’s products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.