Skyworks Solutions Stock: Is Wall Street Bullish or Bearish?

Core Viewpoint - Skyworks Solutions, Inc. has significantly underperformed the market over the past year, with a notable decline in stock price compared to broader indices and peers in the semiconductor sector [2][3]. Company Overview - Skyworks Solutions, Inc. is based in Irvine, California, and specializes in developing, manufacturing, and marketing analog and mixed-signal semiconductor products, with a market capitalization of $8.4 billion [1]. Stock Performance - Over the past 52 weeks, shares of SWKS have decreased by 34.4%, while the S&P 500 Index has increased by 15.4%. Year-to-date, SWKS stock is down 11.8%, compared to a 1.1% return for the S&P 500 [2]. - The company has also underperformed the Invesco Semiconductors ETF, which has risen by 59.8% over the past year and 19.1% year-to-date [3]. Financial Results - On February 3, SWKS reported Q1 results with net revenue of $1 billion, a decline of 3.1% year-over-year, but exceeding analyst estimates of $998.6 million. Adjusted EPS was $1.54, down 3.8% from the previous year but surpassing consensus expectations by 10% [5]. - The Mobile segment showed strong performance, while Broad Markets benefited from growth in Wi-Fi 7 and data center/cloud infrastructure programs [5]. Earnings Expectations - For the current fiscal year ending in September, analysts project a 36.2% decline in EPS to $2.93. The company's earnings surprise history is mixed, with three out of the last four quarters exceeding consensus estimates [6]. - Among 25 analysts covering SWKS, the consensus rating is a "Hold," consisting of five "Strong Buy," 19 "Hold," and one "Moderate Sell" [6]. Analyst Ratings - The configuration of analyst ratings has improved, with four analysts suggesting a "Strong Buy." Mizuho Financial Group maintained a "Hold" rating with a price target of $60, indicating a potential upside of 7.3% from current levels [8].