Skyworks Solutions, Inc. (NASDAQ: SWKS) has received an average rating of “Hold” from a group of twenty-two analysts monitoring the semiconductor firm, according to MarketBeat Ratings. The assessment reflects a mix of opinions, with two analysts recommending a sell, seventeen suggesting a hold, two giving a buy rating, and one analyst assigning a strong buy. The consensus one-year price target for Skyworks Solutions stands at approximately $82.59.
Several notable investment firms have recently adjusted their ratings on Skyworks Solutions. On October 29, 2023, Citigroup upgraded the stock from a “sell” to a “neutral” rating, increasing its price target from $66.00 to $105.00. Weiss Ratings reaffirmed a “hold (c-)” rating on October 8, and Cfra Research also upgraded its evaluation from “moderate sell” to “hold” just a day prior. Barclays raised its rating from “underweight” to “equal weight,” adjusting its price objective from $58.00 to $88.00. Lastly, on November 5, Stifel Nicolaus set a price target of $72.00.
Quarterly Earnings Exceed Expectations
In its latest quarterly earnings report released on November 4, 2023, Skyworks Solutions reported earnings per share (EPS) of $1.76, surpassing analysts’ consensus estimate of $1.53 by $0.23. The company generated revenue of $1.10 billion for the quarter, reflecting a year-over-year increase of 7.3%. In the same quarter last year, the semiconductor manufacturer had an EPS of $1.55.
Skyworks Solutions has provided guidance for the first quarter of 2026, forecasting an EPS of $1.40. Analysts are projecting an EPS of $3.70 for the current year.
Dividend Announcement and Insider Transactions
Skyworks Solutions also announced a quarterly dividend of $0.71, which was paid on December 9, 2023, to stockholders of record as of November 18, 2023. This dividend translates to an annualized amount of $2.84 and indicates a dividend yield of 4.7%. The company’s dividend payout ratio (DPR) stands at 92.51%.
In recent insider trading activities, Reza Kasnavi, Executive Vice President, sold 7,332 shares on November 19, 2023, at an average price of $62.26, resulting in a transaction valued at approximately $456,490.32. Post-sale, Kasnavi holds 26,087 shares worth about $1,624,176.62, reflecting a 21.94% reduction in ownership. Similarly, Robert John Terry, Senior Vice President, sold 4,945 shares for around $307,974.60, decreasing his holdings by 19.96%.
Institutional Investor Activity
Institutional investment in Skyworks Solutions has also seen notable changes. Park Place Capital Corp increased its stake by 62.1% during the second quarter, now owning 368 shares worth approximately $28,000. Other institutional investors, such as Atlantic Union Bankshares Corp and Clearstead Trust LLC, have also acquired new positions in the company, further contributing to an overall institutional ownership of 85.43%.
Skyworks Solutions, headquartered in Irvine, California, specializes in designing and manufacturing analog and mixed-signal semiconductors for radio frequency and mobile communications markets. Its product portfolio includes power amplifiers, switches, filters, and low-noise amplifiers, supporting a wide range of applications in the mobile, Internet of Things (IoT), and automotive sectors.
