Skyworks Solutions (NASDAQ:SWKS) Trading 5.1% Higher – What’s Next?
by Tristan Rich · The Markets DailyShares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Free Report) rose 5.1% during mid-day trading on Thursday . The company traded as high as $79.09 and last traded at $80.4710. Approximately 1,616,980 shares traded hands during trading, a decline of 65% from the average session volume of 4,658,226 shares. The stock had previously closed at $76.54.
Skyworks Solutions News Summary
Here are the key news stories impacting Skyworks Solutions this week:
- Positive Sentiment: CEO Phil Brace said the Qorvo merger is in its final stages and is expected to close by the end of 2026. Investors appear to be assigning a higher probability to regulatory approval and completion, prompting merger-arbitrage buying. Skyworks Rockets 9.8% on Looming Qorvo Merger Nod
- Positive Sentiment: The stock’s momentum has attracted heavier-than-usual trading, including call-option purchases that were approximately 61% above typical daily volume. This may reflect bullish positioning and could amplify gains if short sellers cover. Skyworks Stock Poised to Be S&P 500’s Best Stock This Week
- Positive Sentiment: Skyworks also benefited from strength in Apple after the launch of its first foldable iPhone. Because Apple is a major customer, investors may be anticipating stronger content or demand for Skyworks’ connectivity components, although the direct financial impact has not been quantified. Apple Advances as First Foldable iPhone Arrives
- Neutral Sentiment: Skyworks recently exceeded quarterly earnings and revenue expectations, but revenue declined year over year. Its valuation has expanded substantially as the stock rallied, increasing the importance of merger execution and future earnings growth.
- Negative Sentiment: Technical commentary warns that the rapid advance may be near a short-term peak. Zacks also noted that current earnings-estimate revisions do not clearly support further gains, creating a risk of profit-taking if merger optimism fades. Strength Seen in Skyworks
- Negative Sentiment: Short interest reached 36.38% of the float as of August 31, according to the reported data. While this supports the possibility of a short squeeze, it also signals substantial bearish positioning and could add volatility if the merger encounters delays or regulatory hurdles. Skyworks Short Interest Rises
Wall Street Analysts Forecast Growth
SWKS has been the topic of several research reports. TD Cowen reduced their price objective on Skyworks Solutions from $75.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. UBS Group raised their price target on Skyworks Solutions from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 14th. Stifel Nicolaus lowered their price target on shares of Skyworks Solutions from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Skyworks Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.00.
View Our Latest Report on Skyworks Solutions
Skyworks Solutions Stock Up 5.1%
The business has a fifty day moving average of $66.20 and a 200 day moving average of $65.06. The firm has a market cap of $13.29 billion, a P/E ratio of 45.78, a P/E/G ratio of 2.31 and a beta of 1.52. The company has a quick ratio of 1.94, a current ratio of 3.10 and a debt-to-equity ratio of 0.09.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last issued its 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. The firm had revenue of $934.80 million for the quarter, compared to analysts’ expectations of $925.97 million. Skyworks Solutions had a return on equity of 10.74% and a net margin of 7.23%.The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 earnings per share. Skyworks Solutions has set its Q4 2026 guidance at 1.270-1.270 EPS. On average, equities research analysts predict that Skyworks Solutions, Inc. will post 3.64 EPS for the current year.
Hedge Funds Weigh In On Skyworks Solutions
Several institutional investors and hedge funds have recently made changes to their positions in SWKS. Parkside Financial Bank & Trust raised its stake in Skyworks Solutions by 108.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 206 shares during the period. Caitlin John LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter valued at about $27,000. J.Safra Asset Management Corp bought a new stake in Skyworks Solutions during the 2nd quarter worth approximately $28,000. CYBER HORNET ETFs LLC acquired a new stake in Skyworks Solutions during the 2nd quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in Skyworks Solutions in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.43% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc (NASDAQ: SWKS) is a semiconductor company that develops and manufactures analog and mixed-signal products used to connect people, devices and networks. Its portfolio includes radio-frequency (RF) and wireless connectivity components such as amplifiers, attenuators, filters, switches, modulators, front-end modules and integrated solutions.
The company’s products are designed for applications including smartphones and other mobile devices, automotive systems, broadband and wireless infrastructure, industrial equipment, medical devices, smart-home products and the Internet of Things.