Skyworks Solutions (NASDAQ:SWKS) Stock Gets Downgrade from Barclays

Skyworks Solutions (NASDAQ:SWKS) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, Marketbeat reports. They presently have a $79.00 target price on the semiconductor manufacturer’s stock, up from their previous target price of $70.00. Barclays‘s price target suggests a potential downside of 3.88% from the company’s current price.

Several other equities analysts also recently issued reports on SWKS. KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 14th. Bank of America cut their target price on shares of Skyworks Solutions from $78.00 to $72.00 and set an “underperform” rating for the company in a research note on Wednesday. BMO Capital Markets started coverage on shares of Skyworks Solutions in a research report on Friday, August 21st. They set a “market perform” rating and a $70.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Finally, Stifel Nicolaus cut their price objective on Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.28.

Skyworks Solutions Price Performance

NASDAQ SWKS traded up $0.98 during trading hours on Thursday, reaching $82.19. The company’s stock had a trading volume of 4,007,602 shares, compared to its average volume of 5,337,441. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 72.10, a P/E/G ratio of 2.32 and a beta of 1.51. The company’s 50-day moving average is $82.14 and its two-hundred day moving average is $68.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.10 and a quick ratio of 1.94. Skyworks Solutions has a 1-year low of $51.93 and a 1-year high of $92.80.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%. On average, equities analysts predict that Skyworks Solutions will post 3.78 EPS for the current year.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fortitude Family Office LLC boosted its stake in Skyworks Solutions by 254.7% during the third quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 242 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Skyworks Solutions by 108.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 206 shares during the last quarter. Caitlin John LLC purchased a new position in shares of Skyworks Solutions during the 2nd quarter worth $27,000. J.Safra Asset Management Corp purchased a new position in shares of Skyworks Solutions during the 2nd quarter worth $28,000. Finally, Hara Capital LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Key Skyworks Solutions News

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

• Positive Sentiment: Zacks upgraded Skyworks to Rank #1 (Strong Buy), citing improving earnings prospects; the upgrade could support investor optimism. All You Need to Know About Skyworks Rating Upgrade to Strong Buy
• Neutral Sentiment: Goldman Sachs was reported among institutions picking up SWKS shares, though the headline provides no details on the size or timing of the purchase. Skyworks Stock Picked Up by Analysts at The Goldman Sachs Group
• Negative Sentiment: Analyst caution is more widespread: Barclays cut its rating from Overweight to Equal Weight and set a $79 target, while TD Cowen maintained a Hold and RBC lowered its expectations. Susquehanna also issued a pessimistic forecast. Reports linked an analyst downgrade to a gap down in SWKS shares. Barclays rating TD Cowen rating RBC lowers expectations Susquehanna forecast
• Negative Sentiment: Weakness across handset-related stocks—including a sharp Qualcomm selloff after cautious guidance and concerns about handset demand—adds a sector headwind for Skyworks. Qualcomm and handset-sector news

About Skyworks Solutions

Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.