Skyworks Solutions (NASDAQ:SWKS) Stock Price Down 9.3% – Time to Sell?

Skyworks Solutions, Inc. (NASDAQ:SWKS) fell 9.3% during mid-day trading on Monday . The company traded as low as $80.92 and last traded at $80.0930. 2,127,342 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 4,735,768 shares. The stock had previously closed at $88.35.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SWKS. Bank of America reissued an “underperform” rating and issued a $65.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 29th. William Blair reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, July 29th. Morgan Stanley lowered their price objective on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Royal Bank Of Canada cut their price objective on Skyworks Solutions from $80.00 to $70.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 29th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.00.

Skyworks Solutions Trading Down 7.4%

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 business’s fifty day moving average is $66.20 and its 200 day moving average is $65.10. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 42.35, a price-to-earnings-growth ratio of 2.43 and a beta of 1.52.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 earnings per share (EPS) for the quarter, beating 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 company had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same period last year, the company earned $1.33 earnings per share. The firm’s revenue 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. Equities analysts predict that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Skyworks Solutions by 1.9% in the second quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer’s stock valued at $537,000 after purchasing an additional 145 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Skyworks Solutions by 5.3% during the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock worth $249,000 after purchasing an additional 163 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Skyworks Solutions by 3.2% in the second quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer’s stock valued at $393,000 after buying an additional 182 shares during the period. Beacon Pointe Advisors LLC increased its stake in shares of Skyworks Solutions by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,445 shares of the semiconductor manufacturer’s stock valued at $282,000 after buying an additional 200 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Skyworks Solutions by 108.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 206 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.

The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.