Skyworks Solutions (NASDAQ:SWKS) Price Target Raised to $95.00

Skyworks Solutions (NASDAQ:SWKS) had its target price hoisted by Royal Bank Of Canada from $70.00 to $95.00 in a research report report published on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the semiconductor manufacturer’s stock.

A number of other brokerages have also weighed in on SWKS. Morgan Stanley decreased their target price on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. TD Cowen dropped their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Citigroup reduced their price target on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Monday, July 27th. Finally, William Blair restated a “buy” rating on shares of Skyworks Solutions in a research report 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.32.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $85.03 on Thursday. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 2.42 and a beta of 1.48. Skyworks Solutions has a one year low of $51.93 and a one year high of $92.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. The company’s 50-day moving average is $74.51 and its 200 day moving average is $68.23.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping 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 return on equity of 10.74% and a net margin of 7.23%.The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Skyworks Solutions will post 3.64 EPS for the current fiscal year.

Institutional Trading of Skyworks Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Skyworks Solutions in the 2nd quarter worth $1,393,584,000. Pzena Investment Management LLC purchased a new position in shares of Skyworks Solutions in the second quarter valued at about $1,082,972,000. Dimensional Fund Advisors LP lifted its position 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. Bank of America Corp DE bought a new position in shares of Skyworks Solutions in the second quarter worth about $180,898,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Skyworks Solutions in the second quarter worth about $143,597,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.