Breaking Down Skyworks Solutions: 9 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Skyworks Solutions (NASDAQ:SWKS) received mixed analyst ratings over the past quarter with 2 bullish, 4 somewhat bullish, 2 indifferent, and 1 bearish. The average 12-month price target among 9 analysts is $109.11, down from the previous average of $123.25, indicating a negative sentiment shift. Analysts from firms including Mizuho, Rosenblatt, Piper Sandler, Susquehanna, Morgan Stanley, Keybanc, Citigroup, and Exane BNP Paribas have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Skyworks Solutions, a semiconductor producer for wireless connectivity, faces challenges with a -13.37% revenue decline, below-average net margin, ROE, and ROA, but maintains a prudent debt management with a debt-to-equity ratio of 0.25.
December 18, 2023 | 6:00 pm
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NEGATIVE IMPACT
Skyworks Solutions has a mixed outlook from analysts, with a lowered average price target of $109.11, indicating potential downside from previous targets. The company's financial challenges, such as revenue decline and below-average profitability metrics, may weigh on the stock.
The lowered average price target and the negative revenue trend suggest that analysts are concerned about Skyworks Solutions' future performance. The bearish sentiment, along with financial challenges such as a significant revenue decline and below-average profitability metrics, could lead to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100