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14 stories mentioning SWKSUpdated 1d ago

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Wire

Skyworks' Qorvo Deal Seen as Favorable Amid Steady Core Trends, RBC Says

Skyworks Solutions' (SWKS) pending acquisition of Qorvo (QRVO) is viewed favorably given expected cost benefits, and the shares are likely to trade on core fundamentals until the deal closes, RBC Capital Markets said Wednesday in a report.Skyworks on Tuesday reported "decent" fiscal Q3 results driven by healthy iPhone demand and stable trends in its broad-markets segment, while its new capital-return policy drops the dividend in favor of buybacks, debt reduction, and mergers and acquisitions, the report said.Q3 revenue of $935 million topped RBC's $925 million estimate and the $926 million Wall Street consensus, and adjusted EPS of $1.08 exceeded RBC's $1.03 forecast.In Q4, Skyworks expected revenue of $1.035 billion at the range midpoint, above consensus, and EPS of $1.27 at midpoint, slightly below estimates due to higher interest expenses tied to the planned $2 billion debt financing.RBC cuts its price target on Skyworks stock to $70 from $80 and maintained its sector-perform rating.Skyworks shares dropped 4.3% in Wednesday trading as the broader chip sector slumped, and Qorvo fell 1.8%.Price: $61.88, Change: $-2.80, Percent Change: -4.33%

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Research

RBC Cuts Price Target on Skyworks Solutions to $70 From $80, Keeps Sector Perform Rating

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $68.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Skyworks Solutions Fiscal Q3 Adjusted Earnings, Revenue Fall; Shares Drop After Hours

Skyworks Solutions (SWKS) reported fiscal Q3 adjusted earnings late Tuesday of $1.08 per diluted share, down from $1.33 a year earlier.Analysts polled by FactSet expected $1.03.Revenue in the three months ended July 3 fell to $934.8 million from $965 million a year earlier.Analysts expected $926 million.The company expects fiscal Q4 adjusted EPS of $1.27 at the midpoint of the revenue range of $1.01 billion to $1.06 billion.Analysts expect EPS of $1.29 on revenue of $1.03 billion.Skyworks shares fell 5.7% in after-hours trading.

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Wire

Skyworks Solutions Shares Fall After KeyBanc Downgrade

Skyworks Solutions (SWKS) shares fell 1.6% in Tuesday trading after KeyBanc downgraded the stock to sector weight from overweight.Trading volume stood at over 2.2 million shares compared with a daily average of nearly 5.1 million.Price: $57.30, Change: $-0.94, Percent Change: -1.61%

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Research

KeyBanc Downgrades Skyworks Solutions to Sector Weight From Overweight

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $72.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

Skyworks Solutions Faces Longer-Term Radio Frequency Opportunities, RBC Capital Markets Says

Skyworks Solutions (SWKS) faces longer-term radio frequency content opportunities in iOS and Android, driven by 6G, Physical AI and a potentially consolidated supplier base, RBC Capital Markets said in a Tuesday note.The brokerage noted that the company now hopes to complete its Qorvo (QRVO) acquisition in late 2026, ahead of its original expectation for early 2027. The potential merger with Qorvo reduces single-socket risk, leading to lower volatility for Skyworks' Mobile business in the longer term, according to the note.The acquisition will also add strong Defense and Satellite expertise, and complements Skyworks' data center and Internet of Things portfolios, analysts said.RBC Capital Markets increased its price target to $80 from $72, while retaining a sector perform rating on the stock.Skyworks Solutions shares were down about 3.8% in Tuesday trading.Price: $73.33, Change: $-2.86, Percent Change: -3.75%

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Sectors

Sector Update: Tech Stocks Advance Premarket Tuesday

Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.6% higher.Nebius Group (NBIS) shares were up more than 4% after the company launched the six-month Physical AI Living Lab program that will grant certain British and European robotics startups access to Nebius' artificial intelligence cloud infrastructure and Nvidia's (NVDA) physical AI development tools.Onsemi (ON) stock was 2% higher after the company launched GaNEXUS, a new gallium nitride power portfolio for AI data centers, industry, robotics, and energy infrastructure applications.Skyworks Solutions (SWKS) shares were up more than 3% after the company unveiled its Si829x isolated safety gate driver, designed to enhance inverted efficiency and reduce system costs for electric vehicles.

$NBIS$NVDA$ON$SWKS$XLK$XSD
Wire

Loop Capital Adjusts Price Target on Skyworks Solutions to $70 From $60

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $70.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $64.84, Change: $-7.73, Percent Change: -10.65%

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Wire

UBS Adjusts Price Target on Skyworks Solutions to $75 From $63, Maintains Neutral Rating

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $70.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $63.50, Change: $-9.06, Percent Change: -12.49%

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Research

Research Alert: CFRA Downgrades Opinion On Shares Of Skyworks Solutions To Sell From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target price at $66, on P/E of 12x our CY 27 EPS view of $5.50, near historical forward averages. After better than feared Mar-Q results/Jun-Q guide, we raise our FY 26 (Sep.) EPS to $4.91 from $4.64 and keep FY 27 at $5.22. Our downgrade reflects our view of better investment opportunities elsewhere in the semiconductor industry despite SWKS's progress on diversification. Although Mar-Q results showed mobile business revenue holding up better than expected, we remain concerned about high exposure to low/no growth markets like smartphones, competitive pressures, and supply chain headwinds including memory bottlenecks and inflationary pressures. SWKS announced a major $1B+ Android design win, which should help diversify revenue away from Apple (60% of sales) and capture share in the premium Android tier, though we expect this to be a gradual tailwind through CY 30 rather than a near-term boost. We await regulatory updates from the pending Qorvo deal (entering Phase 2 in China).

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Research

Research Alert: Swks: Mar-q Beats And Solid Jun-q Guidance; Growth Remains Anemic

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SWKS posted Mar-Q revenue decline of 1% to $943.7M, beating consensus of $902M, while non-GAAP EPS of $1.15 surpassed expectations of $1.04 despite falling 7.3% Y/Y. Broad Markets delivered double-digit Y/Y growth while Mobile showed resilience, with non-GAAP operating margin compressing 330 bps to 20.0% due to elevated R&D (+13.9% Y/Y) and SG&A (+36.0% Y/Y) investments. The diversification strategy gained momentum with a multi-generational Android OEM design win expected to generate over $1B through 2030, plus Wi-Fi 7 expansion and automotive wins with BYD. Jun-Q guidance calls for revenue of $900M-$950M and EPS of $1.03, above consensus of $860M and $0.93. We believe the company's strategic pivot toward diversified end markets is progressing well, though operating leverage pressures from heavy technology investments are weighing on near-term profitability. Free cash flow turned negative at -$32.0M but the strong balance sheet with $1.4B cash provides flexibility for strategic initiatives.

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Wire

Skyworks Solutions Shares Rise After Barclays Upgrade

Skyworks Solutions (SWKS) shares rose 2.6% on Wednesday after Barclays upgraded the stock to overweight from equalweight and boosted its price target to $70 per share from $60.Trading volume stood at nearly 1.2 million shares compared with a daily average of over 3.5 million.Price: $61.53, Change: $+1.59, Percent Change: +2.65%

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Research

Barclays Upgrades Skyworks Solutions to Overweight From Equalweight, Adjusts PT to $70 From $60

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $63.81, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Research

Mizuho Downgrades Skyworks Solutions to Underperform From Neutral, Adjusts PT to $46 From $60

Skyworks Solutions (SWKS) has an average rating of hold and mean price target of $64.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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