JPMorgan Chase & Co. Lowers Skyworks Solutions (NASDAQ:SWKS) Price Target to $65.00

Skyworks Solutions (NASDAQ:SWKS) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $74.00 to $65.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.07% from the stock’s current price.

SWKS has been the topic of a number of other reports. Susquehanna reduced their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Piper Sandler upgraded Skyworks Solutions from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $140.00 in a research note on Wednesday, October 29th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $65.00 price objective (down previously from $72.00) on shares of Skyworks Solutions in a research report on Wednesday. Finally, TD Cowen dropped 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. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.70.

Skyworks Solutions Stock Up 1.9%

Shares of SWKS opened at $56.99 on Wednesday. Skyworks Solutions has a fifty-two week low of $47.93 and a fifty-two week high of $90.90. The company’s fifty day moving average is $62.93 and its two-hundred day moving average is $69.61. The firm has a market cap of $8.54 billion, a PE ratio of 19.03 and a beta of 1.33. The company has a quick ratio of 1.76, a current ratio of 2.33 and a debt-to-equity ratio of 0.09.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.23. The business had revenue of $1.10 billion for the quarter. Skyworks Solutions had a return on equity of 12.01% and a net margin of 11.67%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.55 earnings per share. Analysts forecast that Skyworks Solutions will post 3.7 earnings per share for the current year.

Insider Activity

In related news, SVP Robert John Terry sold 4,945 shares of the business’s stock in a transaction dated 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. The trade was a 19.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Reza Kasnavi sold 7,332 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total value of $456,490.32. Following the sale, the executive vice president owned 26,087 shares in the company, valued at $1,624,176.62. The trade was a 21.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyworks Solutions

Large investors have recently added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. raised its holdings in shares of Skyworks Solutions by 488.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 342 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Skyworks Solutions during the second quarter worth about $28,000. Sound Income Strategies LLC boosted its stake in Skyworks Solutions by 137.1% in the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 281 shares during the period. Financial Consulate Inc. bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $29,000. Finally, Clearstead Trust LLC lifted its holdings in shares of Skyworks Solutions by 200.0% in the 2nd quarter. Clearstead Trust LLC now owns 411 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 274 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Key Headlines Impacting Skyworks Solutions

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Q1 earnings and revenue topped estimates: EPS $1.54 vs. consensus $1.40 and revenue $1.04B vs. $999M consensus, signaling near-term outperformance. MarketBeat Q1 Results
• Positive Sentiment: Management raised Q2 guidance well above Street forecasts — EPS guidance of $1.04 vs. consensus ~$0.82 and revenue guidance $875–925M vs. ~$866M — citing stronger 5G-driven demand for Skyworks’ RF chips. Reuters: Guidance, 5G Demand
• Positive Sentiment: Board approved a quarterly dividend of $0.71 per share (annualized ~$2.84), implying roughly a 5.1% yield; ex-dividend date and record date Feb 24, payable Mar 17 — supports total-return interest for income investors.
• Neutral Sentiment: Investor and media coverage / earnings assessments and the full earnings call transcript are available for detail on product mix and channel commentary; useful for dissecting sustainability of the beat. Earnings Call Transcript
• Negative Sentiment: Morgan Stanley cut its price target from $89 to $68 and moved to an “equal weight” rating, signaling reduced near-to-medium-term upside in analyst models and adding selling pressure. Benzinga: MS Cut
• Negative Sentiment: Management and press noted higher inventory levels, which could indicate channel build or softer near-term sell-through and may pressure margins or future orders if not digested. MSN: Inventory Rise
• Negative Sentiment: On a year-over-year basis, revenue and EPS remain below last year (revenue down ~3.1% YoY; EPS lower than prior-year period), a reminder that beat vs. estimates does not equal cyclical recovery across all end markets. Zacks: Q1 Results

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.