On Nov 13, major Wall Street analysts update their ratings for $Skyworks Solutions (SWKS.US)$, with price targets ranging from $72 to $100.
J.P. Morgan analyst Peter Peng maintains with a hold rating, and adjusts the target price from $120 to $100.
Citi analyst Atif Malik maintains with a sell rating, and adjusts the target price from $83 to $72.
Barclays analyst Thomas O'Malley maintains with a sell rating, and adjusts the target price from $87 to $80.
Mizuho Securities analyst Vijay Rakesh maintains with a buy rating.
Needham analyst Nick Doyle initiates coverage with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Skyworks Solutions (SWKS.US)$'s main analysts recently are as follows:
The expectation is set for subdued growth in Broad Markets by 2025, due to persistently high inventory levels in the automotive, industrial, and wireless infrastructure sectors. Additionally, increased operating expenses are anticipated to exert pressure on earnings for that year. Despite recent underwhelming content performance related to Apple, there is a sentiment of hopeful anticipation for a recovery in the following year. The potential for value recovery hinges on the ability to regain Apple content, although its feasibility is yet to be confirmed.
Skyworks' September quarter results were marginally above projections, but its revenue guidance for the December quarter showed a 4% sequential increase, which was somewhat under the anticipated consensus. Despite this, the performance was more robust than expected, largely due to sustained vigor from its primary customer, Apple.
The company's forecast for the December quarter was set below expectations, predominantly due to a recovery in the broad market that was slower than anticipated. This led to a revision of the earnings estimates for 2024 and 2025, reflecting weaker broad market conditions, reduced gross margins, and increased operating expenses.
Skyworks is going through an elongated transitional phase in its core Mobile business and Broad Markets, which may result in a delay in topline growth until FY26. The company's earnings projections have been significantly adjusted, with a notable downward revision of the pro-forma EPS for FY25 and FY26.
Here are the latest investment ratings and price targets for $Skyworks Solutions (SWKS.US)$ from 9 analysts:
Note:
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