Skyworks Solutions (NASDAQ:SWKS) Shares Down 6.9% – What’s Next?

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) were down 6.9% on Friday. The stock traded as low as $73.93 and last traded at $75.1630. 984,597 shares changed hands during trading, a decline of 81% from the average session volume of 5,136,450 shares. The stock had previously closed at $80.75.

Analyst Ratings Changes

SWKS has been the subject of several research analyst reports. Royal Bank Of Canada boosted their target price on Skyworks Solutions from $70.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 1st. Stifel Nicolaus decreased their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Bank of America reiterated an “underperform” rating and set a $65.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $78.74.

Skyworks Solutions Stock Performance

The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $76.09 and a 200 day moving average of $69.13. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 2.21 and a beta of 1.48.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results 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. Skyworks Solutions had a net margin of 7.23% and a return on equity of 10.74%. The firm had revenue of $934.80 million for the quarter, compared to the consensus estimate of $925.97 million. During the same quarter in the previous year, the company earned $1.33 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. As a group, analysts predict that Skyworks Solutions, Inc. will post 3.62 EPS for the current year.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of SWKS. BlackRock Inc. bought a new position in Skyworks Solutions in the second quarter worth approximately $1,393,584,000. Pzena Investment Management LLC lifted its holdings in shares of Skyworks Solutions by 27.6% in the first quarter. Pzena Investment Management LLC now owns 16,108,138 shares of the semiconductor manufacturer’s stock valued at $862,591,000 after purchasing an additional 3,481,658 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Skyworks Solutions by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,612,201 shares of the semiconductor manufacturer’s stock valued at $246,978,000 after buying an additional 753,004 shares during the last quarter. Bank of America Corp DE bought a new stake in Skyworks Solutions during the second quarter worth $180,898,000. Finally, First Trust Advisors LP lifted its stake in Skyworks Solutions by 51.7% during the 1st quarter. First Trust Advisors LP now owns 2,218,826 shares of the semiconductor manufacturer’s stock valued at $118,818,000 after acquiring an additional 756,280 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

About Skyworks Solutions

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.