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$SWKS

8 stories mentioning SWKS

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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://www..com/contact-us)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://www..com/contact-us)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://www..com/contact-us)

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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://www..com/contact-us)

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