Skyworks Solutions (NASDAQ:SWKS) Given New $90.00 Price Target at Citigroup

Skyworks Solutions (NASDAQ:SWKS) had its target price raised by research analysts at Citigroup from $64.00 to $90.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. Citigroup’s target price points to a potential upside of 10.61% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. UBS Group raised their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Mizuho decreased their price target on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Stifel Nicolaus lowered their price target on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. B. Riley Financial upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $107.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.74.

Skyworks Solutions Trading Down 3.0%

NASDAQ:SWKS traded down $2.55 on Tuesday, reaching $81.36. The stock had a trading volume of 6,108,983 shares, compared to its average volume of 5,094,043. Skyworks Solutions has a 12-month low of $51.93 and a 12-month high of $92.80. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 2.42 and a beta of 1.48. The firm’s fifty day moving average is $74.92 and its two-hundred day moving average is $68.54. 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 posted its quarterly earnings data 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. The business had revenue of $934.80 million during 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%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Equities analysts expect that Skyworks Solutions will post 3.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $1,393,584,000. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $1,082,972,000. Bank of America Corp DE acquired a new position in shares of Skyworks Solutions during the second quarter valued at about $180,898,000. Bank of New York Mellon Corp acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $143,597,000. Finally, Capital Research Global Investors acquired a new position in Skyworks Solutions in the fourth quarter worth about $102,279,000. 85.43% of the stock is owned by institutional investors.

Key Headlines Impacting Skyworks Solutions

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

• Positive Sentiment: Skyworks completed its combination with Qorvo, creating a larger RF, power-management and analog semiconductor company. Management expects at least $500 million in annual cost synergies within three years, broader technology offerings and immediate non-GAAP earnings-per-share accretion. Skyworks Completes Combination with Qorvo
• Positive Sentiment: B. Riley upgraded Skyworks Solutions (SWKS) from “neutral” to “buy” and raised its price target from $68 to $107, signaling confidence that the Qorvo transaction can improve the company’s earnings and competitive position. Skyworks Stock Moved Up to Buy by B. Riley Financial
• Positive Sentiment: Jim Cramer called the newly combined RF chipmaker a buy, providing favorable investor visibility shortly after the merger closed. Cramer Says Semiconductor Stock Is a Buy
• Neutral Sentiment: Citigroup raised its price target for SWKS to $90 from $64 but retained a neutral rating, reflecting improved valuation potential while maintaining caution about execution and industry conditions. Citigroup Adjusts Skyworks Price Target
• Negative Sentiment: The Qorvo merger adds substantial obligations. More than $1.4 billion of Qorvo notes were tendered for new Skyworks notes, increasing leverage and potentially limiting financial flexibility. The exchange is expected to settle around October 7. Skyworks Exchange Offers for Qorvo Notes
• Negative Sentiment: Investors remain concerned about weak handset demand, squeezed margins, dividend policy and the possibility that projected synergies will take longer to materialize. Those concerns appear to be outweighing the deal-related optimism in current trading.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ:SWKS) is a semiconductor company that develops high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company’s products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.