Skyworks Solutions (NASDAQ:SWKS) Trading 11.1% Higher – Here’s Why

Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 11.1% on Friday . The stock traded as high as $81.11 and last traded at $81.7150. 2,964,061 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 3,947,978 shares. The stock had previously closed at $73.54.

Analyst Ratings Changes

A number of brokerages have issued reports on SWKS. UBS Group boosted their price target on shares of Skyworks Solutions from $63.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Loop Capital lifted their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Craig Hallum upped their target price on shares of Skyworks Solutions from $75.00 to $85.00 in a research note on Wednesday, May 6th. Stifel Nicolaus increased their target price on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $76.61.

Skyworks Solutions Trading Up 11.7%

The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 33.97 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.38. The company has a 50-day moving average price of $60.24 and a 200-day moving average price of $61.92.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.11. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The business had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $901.76 million. During the same quarter in the prior year, the business posted $1.24 EPS. The company’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. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 3.55 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio is presently 117.84%.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently modified their holdings of SWKS. Quest 10 Wealth Builders Inc. grew 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 buying an additional 342 shares during the last quarter. Sound Income Strategies LLC lifted its position in 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 during the period. AdvisorNet Financial Inc grew its stake in shares of Skyworks Solutions by 93.8% in the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 257 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Skyworks Solutions in the second quarter valued at approximately $32,000. 85.43% of the stock is owned by institutional investors and hedge funds.

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.