Benchmark Co. analyst Cody Acree has reiterated their neutral stance on SWKS stock, giving a Hold rating today.
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Cody Acree has given his Hold rating due to a combination of factors affecting Skyworks Solutions. The company is experiencing some positive momentum, particularly with stronger-than-expected seasonal unit volumes at Apple and a favorable shift in the iPhone mix, which have contributed to better-than-anticipated results for the September quarter. Additionally, there is an improving demand trend in its Broad Markets business, which is expected to show slight sequential growth and mid-to-high single-digit year-over-year growth.
However, despite these positive developments, there are concerns about the company’s future revenue trajectory. Skyworks is expected to face a low double-digit revenue decline in FY26, following several years of contraction. Moreover, while there is optimism about potential growth drivers, such as increased RF content and the proposed merger with Qorvo, uncertainties remain, particularly regarding regulatory approval for the merger and the timing of potential benefits from these drivers. As a result, Acree believes that Skyworks lacks a significant sustainable catalyst in the near term, leading to the Hold rating.
According to TipRanks, Acree is a top 100 analyst with an average return of 26.0% and a 68.13% success rate. Acree covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Broadcom.
In another report released today, Morgan Stanley also maintained a Hold rating on the stock with a $89.00 price target.