Skyworks Solutions (NASDAQ:SWKS) Stock Price Up 11.1% – Still a Buy?

Skyworks Solutions, Inc. (NASDAQ:SWKS)’s stock price traded up 11.1% on Friday . The company traded as high as $81.11 and last traded at $81.7150. 2,964,061 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 3,947,978 shares. The stock had previously closed at $73.54.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BNP Paribas Exane upped their price objective on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. UBS Group lifted their target price on shares of Skyworks Solutions from $63.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Loop Capital increased their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a report on Wednesday, May 6th. Craig Hallum raised their price objective on shares of Skyworks Solutions from $75.00 to $85.00 in a research report on Wednesday, May 6th. Finally, Susquehanna lowered their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.61.

Skyworks Solutions Price Performance

The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 33.97 and a beta of 1.48. The company’s 50 day moving average is $60.24 and its 200 day moving average is $61.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 1.70.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $901.76 million. During the same period in the prior year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Research analysts forecast that Skyworks Solutions, Inc. will post 3.55 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 117.84%.

Institutional Trading of Skyworks Solutions

A number of institutional investors have recently bought and sold shares of SWKS. Manske Wealth Management grew its holdings in 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 purchasing an additional 160 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Skyworks Solutions by 5.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock worth $249,000 after buying an additional 163 shares during the last quarter. Unison Advisors LLC boosted its position in shares of Skyworks Solutions by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer’s stock worth $1,388,000 after buying an additional 164 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Skyworks Solutions by 0.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,308 shares of the semiconductor manufacturer’s stock valued at $1,807,000 after acquiring an additional 166 shares during the last quarter. Finally, Beacon Pointe Advisors LLC increased its holdings in Skyworks Solutions by 4.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after acquiring an additional 200 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

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.