Skyworks Solutions (NASDAQ:SWKS) Upgraded to “Buy” at B. Riley Financial

B. Riley Financial upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a neutral rating to a buy rating in a research report report published on Tuesday morning, Marketbeat reports. They currently have $107.00 price target on the semiconductor manufacturer’s stock, up from their prior price target of $68.00.

Other equities research analysts have also issued research reports about the stock. William Blair restated a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, July 29th. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 14th. Citigroup reduced their price objective on Skyworks Solutions from $77.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Morgan Stanley decreased their target price on Skyworks Solutions from $76.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Finally, BMO Capital Markets initiated coverage on Skyworks Solutions in a research note on Friday, August 21st. They issued a “market perform” rating and a $70.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $78.74.

Skyworks Solutions Price Performance

SWKS opened at $82.79 on Tuesday. The firm has a market cap of $12.46 billion, a P/E ratio of 42.90, a PEG ratio of 2.39 and a beta of 1.48. The firm has a 50-day moving average of $75.28 and a 200 day moving average of $68.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.94 and a current ratio of 3.10. Skyworks Solutions has a fifty-two week low of $51.93 and a fifty-two week high of $92.80.

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, topping analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $934.80 million during the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter 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 expect that Skyworks Solutions will post 3.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Skyworks Solutions by 22.8% in the first quarter. Bank of America Corp DE now owns 2,129,451 shares of the semiconductor manufacturer’s stock worth $114,032,000 after acquiring an additional 396,057 shares during the period. Capital Research Global Investors bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at $102,279,000. BlackRock Inc. bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at $1,393,584,000. Assenagon Asset Management S.A. lifted its holdings in Skyworks Solutions by 123.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 241,542 shares of the semiconductor manufacturer’s stock worth $16,377,000 after purchasing an additional 133,217 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth about $1,082,972,000. 85.43% of the stock is owned by institutional investors.

Key Stories Impacting Skyworks Solutions

Here are the key news stories impacting Skyworks Solutions this week:

• Positive Sentiment: Skyworks completed the Qorvo transaction, creating a larger RF, power-management and analog semiconductor company with an expanded technology portfolio and market reach. Management expects at least $500 million in annual cost synergies within three years and immediate non-GAAP EPS accretion. Skyworks Completes Combination with Qorvo
• Positive Sentiment: B. Riley upgraded SWKS to Buy and raised its price target from $68 to $107, signaling confidence that the merger’s synergies and broader product offering can improve shareholder returns.
• Positive Sentiment: Jim Cramer also called the combined company worth owning, adding a favorable media spotlight even though broader analyst sentiment remains more cautious. Cramer Says $82 Semiconductor Stock Is a Buy
• Neutral Sentiment: Citigroup raised its price target from $64 to $90 but maintained a Neutral rating. The new target implies only modest upside, suggesting the bank sees potential value but wants evidence that integration and synergy targets will be achieved. Citigroup Adjusts Price Target on Skyworks Solutions
• Neutral Sentiment: More than 91% of Qorvo’s notes were tendered in Skyworks’ exchange offers. Skyworks expects to issue approximately $778 million of new 2029 notes and $647 million of new 2031 notes, with settlement around October 7. Strong participation supports transaction execution, while the new debt adds financing obligations. Skyworks Announces Exchange Offer Results
• Negative Sentiment: Investors are concerned about merger-related execution risk, additional leverage and the possibility that expected synergies will take longer to materialize. Coverage also highlights the tradeoff between funding the acquisition and maintaining shareholder distributions, including a reduced dividend.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc (NASDAQ:SWKS) is a semiconductor company that develops high-performance analog and mixed-signal products, with a focus on wireless connectivity and radio-frequency (RF) applications. Its solutions help manage, amplify, filter and switch signals in electronic devices and communications systems.

The company’s products include RF front-end modules, amplifiers, filters, switches, antenna tuners, integrated modules and other semiconductor components. These products are used in smartphones and other mobile devices, as well as automotive systems, broadband equipment, industrial applications, smart-home products, wireless infrastructure and the Internet of Things.

Headquartered in Irvine, California, Skyworks serves customers and markets worldwide.