On Nov 14, major Wall Street analysts update their ratings for $Skyworks Solutions (SWKS.US)$, with price targets ranging from $90 to $120.
UBS analyst Timothy Arcuri maintains with a hold rating, and adjusts the target price from $118 to $95.
TD Cowen analyst Krish Sankar initiates coverage with a hold rating, and sets the target price at $90.
Loop Capital analyst Gary Mobley maintains with a hold rating, and maintains the target price at $90.
Oppenheimer analyst Rick Schafer maintains with a hold rating.
Stifel analyst Ruben Roy maintains with a buy rating, and adjusts the target price from $125 to $105.
Furthermore, according to the comprehensive report, the opinions of $Skyworks Solutions (SWKS.US)$'s main analysts recently are as follows:
The expectation for reduced growth in Broad Markets by 2025 is due to elevated inventory levels in the automotive/industrial and wireless infrastructure sectors. In addition, it is anticipated that increased operating expenses may impact earnings for 2025. The recent performance in terms of content from a major tech company has not met expectations; however, there is hope for a turnaround in the following year. The potential for value recovery hinges on the successful regaining of content from this key client, though this outcome is currently uncertain.
Skyworks' reported a marginally superior September quarter performance, followed by a guidance for December quarter revenue which suggests a 4% sequential increase, marginally missing the consensus forecasts. Despite this, the performance is considered more robust than anticipated, bolstered by sustained vigor from its primary customer, Apple.
The company's guidance for the December quarter was set below market expectations, primarily due to a slower-than-anticipated recovery across the broader market sectors. Consequently, projections for earnings in 2024 and 2025 have been revised downwards in light of subdued market conditions, reduced gross margins, and an increase in operating expenses.
Skyworks is reportedly going through an extended transition for its core Mobile business and Broad Markets, which may result in a return to topline growth potentially only materializing in FY26. The projections have been significantly recalibrated, with the estimated pro-forma EPS for FY25 and FY26 being revised downwards substantially.
Here are the latest investment ratings and price targets for $Skyworks Solutions (SWKS.US)$ from 9 analysts:
Note:
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