Barclays Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $60.00

Skyworks Solutions (NASDAQ:SWKS) had its target price decreased by Barclays from $88.00 to $60.00 in a research report report published on Thursday morning,MarketScreener reports. Barclays currently has an equal weight rating on the semiconductor manufacturer’s stock.

Several other equities analysts also recently issued reports on the stock. Royal Bank Of Canada began coverage on shares of Skyworks Solutions in a report on Wednesday. They set a “sector perform” rating and a $65.00 price objective on the stock. Cfra set a $90.00 price target on shares of Skyworks Solutions in a research note on Tuesday, October 28th. KeyCorp set a $105.00 price objective on Skyworks Solutions and gave the stock an “overweight” rating in a report on Wednesday, October 29th. BNP Paribas Exane boosted their price objective on Skyworks Solutions from $71.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Skyworks Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.61.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $57.77 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.76 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $95.46. The business’s 50 day moving average is $64.69 and its two-hundred day moving average is $71.15. The company has a market capitalization of $8.66 billion, a P/E ratio of 18.82 and a beta of 1.30.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.23. Skyworks Solutions had a return on equity of 12.01% and a net margin of 11.67%.The business had revenue of $1.10 billion during the quarter. During the same quarter last year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. Analysts expect that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th were given a $0.71 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.9%. Skyworks Solutions’s dividend payout ratio is 92.51%.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 4,945 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $62.28, for a total value of $307,974.60. Following the completion of the sale, the senior vice president directly owned 19,824 shares of the company’s stock, valued at $1,234,638.72. This trade represents a 19.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Reza Kasnavi sold 7,332 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the transaction, the executive vice president directly owned 26,087 shares in the company, valued at approximately $1,624,176.62. The trade was a 21.94% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently bought and sold shares of SWKS. Tema Etfs LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $154,000. Allspring Global Investments Holdings LLC grew its position in Skyworks Solutions by 27.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,711 shares of the semiconductor manufacturer’s stock worth $625,000 after acquiring an additional 2,113 shares during the period. Eastern Bank grew its position in Skyworks Solutions by 491.8% in the fourth quarter. Eastern Bank now owns 1,509 shares of the semiconductor manufacturer’s stock worth $96,000 after acquiring an additional 1,254 shares during the period. Pallas Capital Advisors LLC increased its stake in Skyworks Solutions by 19.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 4,913 shares of the semiconductor manufacturer’s stock worth $312,000 after acquiring an additional 815 shares during the last quarter. Finally, International Private Wealth Advisors LLC raised its position in Skyworks Solutions by 5.9% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 208 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

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.