Skyworks Solutions (NASDAQ:SWKS) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Skyworks Solutions (NASDAQ:SWKS) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

A number of other research analysts have also commented on the stock. B. Riley Financial cut their price objective on shares of Skyworks Solutions from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Craig Hallum reduced their target price on Skyworks Solutions from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Piper Sandler upgraded shares of Skyworks Solutions from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $140.00 in a research note on Wednesday, October 29th. Finally, TD Cowen decreased their target price on shares of Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $70.50.

Skyworks Solutions Trading Down 0.3%

Shares of NASDAQ:SWKS opened at $62.00 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.40. The stock’s 50-day moving average is $61.60 and its 200-day moving average is $68.88. The company has a market cap of $9.32 billion, a P/E ratio of 23.85 and a beta of 1.33. Skyworks Solutions has a 52-week low of $47.93 and a 52-week high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.14. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $999.02 million. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. Equities research analysts predict that Skyworks Solutions will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, February 24th will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, February 24th. This represents a $2.84 dividend on an annualized basis and a yield of 4.6%. Skyworks Solutions’s dividend payout ratio is 109.23%.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financiere des Professionnels Fonds d investissement inc. raised its position in Skyworks Solutions by 1.2% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 12,738 shares of the semiconductor manufacturer’s stock worth $981,000 after purchasing an additional 145 shares during the last quarter. Wedmont Private Capital increased its stake in shares of Skyworks Solutions by 5.8% in the 3rd quarter. Wedmont Private Capital now owns 2,775 shares of the semiconductor manufacturer’s stock valued at $206,000 after buying an additional 151 shares during the period. Manske Wealth Management lifted its stake in shares of Skyworks Solutions by 3.8% during the third quarter. Manske Wealth Management now owns 4,318 shares of the semiconductor manufacturer’s stock valued at $332,000 after acquiring an additional 160 shares during the period. Parallel Advisors LLC boosted its holdings in Skyworks Solutions by 5.3% in the third quarter. Parallel Advisors LLC now owns 3,233 shares of the semiconductor manufacturer’s stock valued at $249,000 after acquiring an additional 163 shares during the last quarter. Finally, Unison Advisors LLC increased its position in Skyworks Solutions by 0.9% in the third quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer’s stock worth $1,388,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

About Skyworks Solutions

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.