JPMorgan Chase & Co. Increases Skyworks Solutions (NASDAQ:SWKS) Price Target to $70.00

Skyworks Solutions (NASDAQ:SWKSGet Free Report) had its price target increased by equities research analysts at JPMorgan Chase & Co. from $65.00 to $70.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.47% from the stock’s previous close.

SWKS has been the topic of several other reports. Wall Street Zen cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Zacks Research cut Skyworks Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings downgraded Skyworks Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Susquehanna cut their target price on shares of Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Finally, KeyCorp reduced their price target on shares of Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.00.

Read Our Latest Research Report on Skyworks Solutions

Skyworks Solutions Stock Down 12.7%

Shares of Skyworks Solutions stock opened at $63.37 on Wednesday. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $90.90. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 24.35 and a beta of 1.48. The company has a 50-day moving average of $57.60 and a 200 day moving average of $62.57. 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 (NASDAQ:SWKSGet Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. The business had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, sell-side analysts anticipate that Skyworks Solutions will post 3.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWKS. Quest 10 Wealth Builders Inc. lifted its position 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 valued at $26,000 after buying an additional 342 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Skyworks Solutions by 137.1% during the 4th quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 281 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Skyworks Solutions by 93.8% during the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 257 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in Skyworks Solutions during the fourth quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Key Skyworks Solutions News

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

About Skyworks Solutions

(Get Free Report)

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.

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