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Skyworks Solutions, Inc. (SWKS), based in Irvine, California, is a global designer and manufacturer of analog and mixed-signal semiconductors, especially for wireless communication, RF front-end modules, and other key components for smartphones, 5G infrastructure, automotive, and other connected applications. Its market capitalization currently stands at around $12.3 billion.
Companies with a market cap of $10 billion or more are typically recognized as “large-cap stocks”, a classification that reflects their financial heft, robust performance, and global market presence. Skyworks Solutions comfortably falls into this category, underscoring its consistent performance, innovation capabilities, and strategic positioning in the global market.
However, the chip company pulled back 19.9% from its 52-week high of $101.50, achieved last year. Shares of Skyworks have surged 12.3% over the past three months, compared to the Technology Select Sector SPDR Fund’s (XLK) 15.4% rise over the same time frame.
SWKS stock has been caught in a drag while the broader tech sector sprinted ahead over the longer term as well. The chip stock is down 8.4% on a year-to-date (YTD) basis, lagging behind XLK’s 20.5% rise. Moreover, SWKS has plunged 17.2% over the past 52 weeks, compared to XLK’s 26.2% climb over the same time frame.
SWKS spent much of the past year in bearish momentum, stuck under its 200-day and mostly under its 50-day moving averages. Through spring and early summer, action looked mixed – brief pops but no real strength. Recently, though, momentum has turned bullish, with the stock breaking above both moving averages, signaling a possible shift after a long stretch of underperformance.
Skyworks Solutions has experienced a notable decline in its stock price over the past year, primarily due to intensified competition in its smartphone business. The company had earlier announced a projected 20% to 25% reduction in its component supply to Apple Inc. (AAPL) for the iPhone 17 series. This shift is expected to significantly impact revenue in fiscal 2026, raising concerns about its profitability and growth prospects.
Its rival, NXP Semiconductors N.V. (NXPI), has outperformed SWKS. NXPI has surged 8.6% on a YTD basis but declined 2.7% over the past year.
Analysts are cautious about SWKS’ prospects. The stock has a consensus rating of “Hold” from the 27 analysts covering it, while the stock is trading at a premium to its mean price target of $71.58.
