Skyworks Solutions (NASDAQ:SWKS) Sets New 52-Week High – Time to Buy?

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) hit a new 52-week high during trading on Wednesday . The stock traded as high as $92.80 and last traded at $90.9140, with a volume of 550920 shares traded. The stock had previously closed at $89.96.

Analyst Ratings Changes

SWKS has been the topic of several research reports. Mizuho dropped their price target on Skyworks Solutions from $55.00 to $52.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. UBS Group raised their price target on shares of Skyworks Solutions from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. Finally, Royal Bank Of Canada dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 29th. Four 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’s stock. According to data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Skyworks Solutions Stock Performance

The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 46.57, a PEG ratio of 2.44 and a beta of 1.52. The stock’s fifty day moving average is $70.17 and its two-hundred day moving average is $66.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SWKS. BlackRock Inc. bought a new position in Skyworks Solutions in the 2nd quarter valued at about $1,393,584,000. Pzena Investment Management LLC bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth about $1,082,972,000. Geode Capital Management LLC lifted its stake in shares of Skyworks Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,336,603 shares of the semiconductor manufacturer’s stock worth $275,440,000 after acquiring an additional 11,368 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Skyworks Solutions by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock valued at $246,978,000 after acquiring an additional 753,004 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $180,898,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.