Skyworks Solutions (NASDAQ:SWKS) Hits New 52-Week High – Here’s What Happened

Skyworks Solutions, Inc. (NASDAQ:SWKS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $92.80 and last traded at $90.9140, with a volume of 550920 shares changing hands. The stock had previously closed at $89.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SWKS shares. Stifel Nicolaus dropped their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. TD Cowen dropped their price target on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Citigroup reduced their price objective on shares of Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Finally, William Blair reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Skyworks Solutions Trading Up 0.1%

The company has a fifty day simple moving average of $70.17 and a 200-day simple moving average of $66.52. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 46.57, a P/E/G ratio of 2.44 and a beta of 1.52.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $1.08 EPS for the quarter, topping the consensus estimate of $1.03 by $0.05. The company had revenue of $934.80 million during the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the company posted $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, research analysts forecast that Skyworks Solutions, Inc. will post 3.64 earnings per share for the current fiscal year.

Institutional Trading of Skyworks Solutions

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of Skyworks Solutions by 154.2% in the second quarter. Sequoia Financial Advisors LLC now owns 20,115 shares of the semiconductor manufacturer’s stock worth $1,364,000 after buying an additional 12,203 shares during the period. NewEdge Advisors LLC boosted its position in Skyworks Solutions by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,914 shares of the semiconductor manufacturer’s stock worth $537,000 after acquiring an additional 145 shares during the period. Allworth Financial LP boosted its position in Skyworks Solutions by 22.1% during the 2nd quarter. Allworth Financial LP now owns 2,792 shares of the semiconductor manufacturer’s stock worth $189,000 after acquiring an additional 505 shares during the period. Arizona State Retirement System grew its stake in Skyworks Solutions by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 41,501 shares of the semiconductor manufacturer’s stock valued at $2,814,000 after acquiring an additional 319 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in Skyworks Solutions by 3.2% during the 2nd quarter. Empirical Finance LLC now owns 5,794 shares of the semiconductor manufacturer’s stock valued at $393,000 after acquiring an additional 182 shares in 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.