Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Target Price at $76.61

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been assigned a consensus rating of “Hold” from the twenty-three analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $76.6111.

A number of research analysts have recently issued reports on the stock. BNP Paribas Exane raised their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Morgan Stanley boosted their price objective on shares of Skyworks Solutions from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a research note on Wednesday, May 6th. Zacks Research cut shares of Skyworks Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Finally, KeyCorp lifted their target price on Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th.

Hedge Funds Weigh In On Skyworks Solutions

Several hedge funds have recently modified their holdings of SWKS. Quest 10 Wealth Builders Inc. raised 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 worth $26,000 after purchasing an additional 342 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth about $32,000. MUFG Securities EMEA plc purchased a new position in Skyworks Solutions in the 2nd quarter worth about $33,000. Fideuram Asset Management Ireland dac acquired a new stake in Skyworks Solutions during the 4th quarter worth about $29,000. Finally, Root Financial Partners LLC acquired a new stake in Skyworks Solutions during the 3rd quarter worth about $36,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 2.7%

SWKS opened at $70.35 on Friday. The firm’s 50 day moving average is $59.18 and its 200-day moving average is $62.04. Skyworks Solutions has a 52-week low of $51.93 and a 52-week high of $90.90. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $10.58 billion, a P/E ratio of 29.19 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data 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. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The company had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $901.76 million. During the same period in the prior year, the company posted $1.24 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Analysts expect that Skyworks Solutions will post 3.55 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.84 annualized dividend and a dividend yield of 4.0%. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

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.