Skyworks Solutions (NASDAQ:SWKS) Trading Up 7.1% – Here’s What Happened

Skyworks Solutions, Inc. (NASDAQ:SWKS)’s stock price traded up 7.1% on Wednesday . The stock traded as high as $71.69 and last traded at $72.2220. Approximately 2,263,251 shares were traded during trading, a decline of 51% from the average daily volume of 4,635,233 shares. The stock had previously closed at $67.41.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWKS. TD Cowen dropped their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. UBS Group upped their price target on shares of Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. BMO Capital Markets began coverage on shares of Skyworks Solutions in a research note on Friday, August 21st. They set a “market perform” rating and a $70.00 price target for the company. Citigroup cut their price target on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.00.

Skyworks Solutions Stock Performance

The company’s 50-day moving average price is $64.65 and its two-hundred day moving average price is $64.35. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.97 and a beta of 1.52. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caitlin John LLC acquired a new stake in Skyworks Solutions during the second quarter worth approximately $27,000. AdvisorNet Financial Inc lifted its stake in Skyworks Solutions by 93.8% in the first quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 257 shares during the period. J.Safra Asset Management Corp bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $28,000. Fideuram Asset Management Ireland dac bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $29,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $32,000. 85.43% of the stock is owned by institutional investors and hedge funds.

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.