Royal Bank Of Canada Lowers Skyworks Solutions (NASDAQ:SWKS) Price Target to $70.00

Skyworks Solutions (NASDAQ:SWKS) had its price objective lowered by equities research analysts at Royal Bank Of Canada from $80.00 to $70.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 16.72% from the company’s current price.

SWKS has been the subject of several other reports. Stifel Nicolaus raised their target price on Skyworks Solutions from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. BNP Paribas Exane raised their price objective on Skyworks Solutions from $60.00 to $70.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price objective on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. B. Riley Financial upped their target price on Skyworks Solutions from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Loop Capital lifted their price target on shares of Skyworks Solutions from $60.00 to $70.00 in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $76.22.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $59.98 on Wednesday. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 24.76 and a beta of 1.50. Skyworks Solutions has a 52 week low of $51.93 and a 52 week high of $90.90. The company has a quick ratio of 1.70, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $69.21 and a 200-day moving average of $62.83.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results 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. The company had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. Skyworks Solutions had a net margin of 8.93% and a return on equity of 11.52%. Skyworks Solutions’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities analysts forecast that Skyworks Solutions will post 3.62 earnings per share for the current year.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Asset Management LLC purchased a new position in Skyworks Solutions in the second quarter worth $120,000. Wedge Capital Management L L P NC lifted its stake in Skyworks Solutions by 28.5% during the second quarter. Wedge Capital Management L L P NC now owns 155,757 shares of the semiconductor manufacturer’s stock worth $10,560,000 after purchasing an additional 34,543 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Skyworks Solutions by 12.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 49,300 shares of the semiconductor manufacturer’s stock worth $3,343,000 after purchasing an additional 5,300 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at about $72,000. Finally, AAFMAA Wealth Management & Trust LLC increased its position in shares of Skyworks Solutions by 3.2% during the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 6,899 shares of the semiconductor manufacturer’s stock valued at $468,000 after purchasing an additional 212 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions News Roundup

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

• Positive Sentiment: Skyworks reported fiscal Q3 revenue of $934.8 million and non-GAAP diluted EPS of $1.08, beating analyst expectations of approximately $926 million and $1.03, respectively. Automotive and data-center markets were cited as growth drivers. Skyworks fiscal third-quarter results
• Positive Sentiment: Fiscal Q4 EPS guidance of $1.27 is above the $1.23 consensus estimate, while revenue guidance of $1.0 billion to $1.1 billion is broadly in line with expectations, suggesting near-term earnings support. Skyworks Q3 earnings call highlights
• Positive Sentiment: The company authorized a new $2 billion share-repurchase program, which could support per-share results and signals confidence in its capital position. Skyworks also announced expected leadership appointments for the combined Skyworks-Qorvo business. Skyworks and Qorvo leadership announcement
• Neutral Sentiment: Regulatory approvals for the Qorvo transaction are progressing, but Skyworks expects to raise roughly $2 billion in acquisition debt financing. The deal could expand scale and product capabilities, though integration, financing and approval risks remain. Skyworks Qorvo combination update
• Negative Sentiment: Revenue fell 3.1% year over year and EPS declined from $1.33 in the prior-year quarter, highlighting continued pressure in parts of Skyworks’ wireless and communications markets.
• Negative Sentiment: Morgan Stanley maintained a Hold rating but cut its price target to $72, citing the dividend suspension and mixed end-market trends. The dividend suspension removes an important income component for shareholders and weighs on sentiment. Morgan Stanley Skyworks price-target update

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.