Skyworks Solutions (NASDAQ:SWKS) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Skyworks Solutions (NASDAQ:SWKS) had its price objective boosted by investment analysts at Royal Bank Of Canada from $72.00 to $80.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “sector perform” rating on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 7.09% from the stock’s current price.

Several other research analysts also recently issued reports on the company. B. Riley Financial upped their price objective on Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. KeyCorp lifted their target price on Skyworks Solutions from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Craig Hallum boosted their target price on Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. UBS Group upped their price target on Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Skyworks Solutions in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $77.06.

Skyworks Solutions Stock Down 1.9%

Shares of NASDAQ:SWKS opened at $74.71 on Tuesday. Skyworks Solutions has a 12 month low of $51.93 and a 12 month high of $90.90. The company’s 50-day moving average price is $69.70 and its two-hundred day moving average price is $63.37. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The firm has a market cap of $11.24 billion, a P/E ratio of 30.29 and a beta of 1.50.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. The company had revenue of $943.70 million during the quarter, compared to the consensus estimate of $901.76 million. During the same period in the previous year, the firm posted $1.24 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, research analysts forecast that Skyworks Solutions will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Manske Wealth Management boosted its holdings in shares of Skyworks Solutions by 3.8% in the third quarter. Manske Wealth Management now owns 4,318 shares of the semiconductor manufacturer’s stock valued at $332,000 after buying an additional 160 shares during the period. Parallel Advisors LLC grew its position in shares of Skyworks Solutions by 5.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after acquiring an additional 163 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Skyworks Solutions by 4.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock worth $282,000 after purchasing an additional 200 shares during the period. International Private Wealth Advisors LLC boosted its stake in shares of Skyworks Solutions by 5.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,714 shares of the semiconductor manufacturer’s stock worth $236,000 after acquiring an additional 208 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Skyworks Solutions by 2.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,881 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 213 shares during the last quarter. 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.