JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Skyworks Solutions (NASDAQ:SWKS) Stock

Skyworks Solutions (NASDAQ:SWKSGet Free Report) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $65.00 to $70.00 in a report issued on Wednesday,MarketScreener reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 10.47% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. KeyCorp reduced their price objective on shares of Skyworks Solutions from $105.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Morgan Stanley boosted their target price on shares of Skyworks Solutions from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group cut their price target on shares of Skyworks Solutions from $63.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Wall Street Zen cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, B. Riley Financial increased their target price on Skyworks Solutions from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average price target of $72.00.

Read Our Latest Stock Analysis on SWKS

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $63.37 on Wednesday. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $90.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.40. The company has a market cap of $9.53 billion, a PE ratio of 24.35 and a beta of 1.48. The business has a 50-day simple moving average of $57.60 and a two-hundred day simple moving average of $62.57.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The company had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $901.76 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. Skyworks Solutions’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. As a group, equities analysts expect that Skyworks Solutions will post 3.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AE Wealth Management LLC grew its holdings in shares of Skyworks Solutions by 7.8% in the 3rd quarter. AE Wealth Management LLC now owns 193,525 shares of the semiconductor manufacturer’s stock worth $14,898,000 after acquiring an additional 14,007 shares during the period. Rakuten Investment Management Inc. acquired a new position in Skyworks Solutions during the third quarter worth $12,155,000. JPMorgan Chase & Co. boosted its position in Skyworks Solutions by 2.6% during the third quarter. JPMorgan Chase & Co. now owns 1,163,728 shares of the semiconductor manufacturer’s stock worth $89,584,000 after purchasing an additional 29,444 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Skyworks Solutions by 102.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 79,771 shares of the semiconductor manufacturer’s stock valued at $6,141,000 after purchasing an additional 40,390 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Skyworks Solutions by 26.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 671,970 shares of the semiconductor manufacturer’s stock worth $51,728,000 after buying an additional 142,600 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

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About Skyworks Solutions

(Get Free Report)

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.

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