Skyworks Solutions (NASDAQ:SWKS) Stock Rating Lowered by Zacks Research

Skyworks Solutions (NASDAQ:SWKS) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also weighed in on SWKS. Piper Sandler raised Skyworks Solutions from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $140.00 in a research report on Wednesday, October 29th. Argus raised Skyworks Solutions to a “hold” rating in a research note on Friday, February 6th. Stifel Nicolaus reissued a “hold” rating and issued a $65.00 price target (down from $72.00) on shares of Skyworks Solutions in a research note on Wednesday, February 4th. Citigroup reduced their price objective on shares of Skyworks Solutions from $80.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, UBS Group lowered their price objective on shares of Skyworks Solutions from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $70.50.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $62.16 on Monday. The stock has a market capitalization of $9.35 billion, a PE ratio of 23.91 and a beta of 1.33. The business’s 50 day simple moving average is $61.74 and its 200 day simple moving average is $68.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.80. Skyworks Solutions has a one year low of $47.93 and a one year high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.14. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $999.02 million. During the same quarter in the previous year, the company earned $1.60 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. As a group, research analysts forecast that Skyworks Solutions will post 3.7 earnings per share for the current year.

Hedge Funds Weigh In On Skyworks Solutions

Several large investors have recently bought and sold shares of SWKS. Financial Consulate Inc. purchased a new position in Skyworks Solutions during the 3rd quarter worth $29,000. Atlantic Union Bankshares Corp purchased a new position in Skyworks Solutions during the second quarter worth about $28,000. Clearstead Trust LLC grew its position in 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 in the last quarter. Quest 10 Wealth Builders Inc. increased its stake in Skyworks Solutions by 488.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 342 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Skyworks Solutions in the 2nd quarter valued at about $32,000. 85.43% of the stock is currently owned by 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.