Skyworks Solutions (NASDAQ:SWKS) Stock Rating Upgraded by B. Riley Financial

Skyworks Solutions (NASDAQ:SWKS) was upgraded by equities researchers at B. Riley Financial from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a $107.00 price target on the semiconductor manufacturer’s stock, up from their previous price target of $68.00. B. Riley Financial’s target price would suggest a potential upside of 28.25% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Citigroup cut their target price on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. William Blair reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Bank of America reissued an “underperform” rating and set a $65.00 price target on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus decreased their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $78.74.

Skyworks Solutions Stock Up 0.8%

Shares of SWKS stock opened at $83.43 on Tuesday. Skyworks Solutions has a 12-month low of $51.93 and a 12-month high of $92.80. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $75.72 and a 200-day moving average of $68.95. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 2.35 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share for the quarter, topping 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 firm had revenue of $934.80 million during the quarter, compared to analyst estimates of $925.97 million. During the same period in the prior year, the business earned $1.33 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts predict that Skyworks Solutions will post 3.62 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 bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $1,393,584,000. Pzena Investment Management LLC boosted its position in Skyworks Solutions by 27.6% during the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock worth $862,591,000 after purchasing an additional 3,481,658 shares during the period. Dimensional Fund Advisors LP boosted its position in Skyworks Solutions by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock worth $246,978,000 after purchasing an additional 753,004 shares during the period. Bank of America Corp DE acquired a new position in shares of Skyworks Solutions in the second quarter valued at $180,898,000. Finally, First Trust Advisors LP raised its position in shares of Skyworks Solutions by 51.7% in the first quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock valued at $118,818,000 after purchasing an additional 756,280 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions News Summary

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

• Positive Sentiment: Analyst upgrades and higher targets: B. Riley upgraded SWKS from Neutral to Buy and raised its price target to $107 from $68, implying substantial upside. Citigroup also lifted its target to $90, though it retained a Neutral rating. B. Riley upgrades Skyworks Solutions
• Positive Sentiment: Qorvo merger synergies: Coverage continues to highlight the combined company’s broader RF-chip portfolio and an expected $500 million in annual cost savings within three years. The potential for improved scale and margins is supporting the investment case. Skyworks completes Qorvo deal
• Positive Sentiment: New product milestone: Skyworks said its Si829x isolated safety gate driver has completed qualification and is ready for customer evaluation, providing a potential avenue for growth in industrial and automotive applications beyond smartphones. Skyworks Si829x product announcement
• Positive Sentiment: Lower short interest: Short interest declined 5.34% to 32.7 million shares, or 34.44% of the float. While still elevated, the reduction may ease bearish pressure and leaves potential for short covering if merger execution improves. Skyworks short interest falls
• Neutral Sentiment: Debt restructuring completed: Skyworks completed exchange offers involving Qorvo’s senior notes and announced new senior notes, an effort to streamline financing after the acquisition. The move may improve debt management but also underscores the added leverage and financing complexity from the deal. Skyworks streamlines debt
• Negative Sentiment: Valuation and execution concerns: Fair-value estimates around $69.82 and a median analyst target of $75 remain below the recent trading level. Analysts are split on whether the Qorvo integration and projected synergies can offset weak handset demand, margin pressure and continued smartphone exposure. Skyworks fair value and Qorvo deal analysis

Skyworks Solutions Company Profile

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.