Skyworks Solutions (NASDAQ:SWKS) Upgraded at BMO Capital Markets

Skyworks Solutions (NASDAQ:SWKS) was upgraded by analysts at BMO Capital Markets to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on SWKS. Loop Capital lifted their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. Weiss Ratings raised Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. BNP Paribas Exane upped their target price on Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. Finally, Barclays upgraded Skyworks Solutions from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $70.00 in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions Price Performance

SWKS opened at $67.14 on Thursday. The firm has a market capitalization of $10.10 billion, a PE ratio of 34.79 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. The business’s 50-day moving average is $65.50 and its two-hundred day moving average is $63.86. Skyworks Solutions has a 1 year low of $51.93 and a 1 year high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. During the same period last year, the business earned $1.33 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Research analysts anticipate that Skyworks Solutions will post 3.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. grew its stake in Skyworks Solutions by 488.6% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. Caitlin John LLC purchased a new position in shares of Skyworks Solutions in the second quarter worth about $27,000. AdvisorNet Financial Inc lifted its holdings in shares of Skyworks Solutions by 93.8% during the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 257 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of Skyworks Solutions during the second quarter worth about $28,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

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.