Skyworks Solutions (NASDAQ:SWKS) Price Target Cut to $60.00 by Analysts at Barclays

Skyworks Solutions (NASDAQ:SWKS) had its target price dropped by research analysts at Barclays from $88.00 to $60.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Barclays‘s price objective would suggest a potential upside of 2.63% from the stock’s current price.

Several other research firms have also recently commented on SWKS. Cfra set a $90.00 price target on shares of Skyworks Solutions in a report on Tuesday, October 28th. Cfra Research upgraded shares of Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada initiated coverage on Skyworks Solutions in a report on Wednesday. They issued a “sector perform” rating and a $65.00 target price on the stock. Stifel Nicolaus set a $72.00 price target on Skyworks Solutions in a research note on Wednesday, November 5th. Finally, BNP Paribas Exane lifted their price target on Skyworks Solutions from $71.00 to $73.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.61.

Skyworks Solutions Trading Down 2.3%

Shares of Skyworks Solutions stock traded down $1.40 on Thursday, reaching $58.46. The company had a trading volume of 3,675,501 shares, compared to its average volume of 4,216,361. The firm’s 50 day moving average price is $65.17 and its two-hundred day moving average price is $71.40. The firm has a market cap of $8.76 billion, a PE ratio of 19.04 and a beta of 1.30. Skyworks Solutions has a 52-week low of $47.93 and a 52-week high of $95.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.76 and a current ratio of 2.33.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.23. The firm had revenue of $1.10 billion for the quarter. Skyworks Solutions had a return on equity of 12.01% and a net margin of 11.67%.Skyworks Solutions’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS. Skyworks Solutions has set its Q1 2026 guidance at 1.400-1.400 EPS. Sell-side analysts predict that Skyworks Solutions will post 3.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Skyworks Solutions news, EVP Reza Kasnavi sold 7,332 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $62.26, for a total value of $456,490.32. Following the sale, the executive vice president owned 26,087 shares of the company’s stock, valued at approximately $1,624,176.62. The trade was a 21.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 4,945 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $62.28, for a total value of $307,974.60. Following the transaction, the senior vice president owned 19,824 shares in the company, valued at $1,234,638.72. The trade was a 19.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Skyworks Solutions

A number of institutional investors have recently modified their holdings of SWKS. Pzena Investment Management LLC grew its holdings in Skyworks Solutions by 57.3% during the second quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer’s stock worth $909,714,000 after acquiring an additional 4,444,747 shares during the period. Norges Bank purchased a new stake in shares of Skyworks Solutions during the 2nd quarter worth $140,807,000. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer’s stock worth $1,594,620,000 after purchasing an additional 958,768 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth $67,841,000. Finally, Marshall Wace LLP increased its holdings in shares of Skyworks Solutions by 391.3% in the 3rd quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer’s stock valued at $41,401,000 after purchasing an additional 722,414 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

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.