Skyworks Solutions (NASDAQ:SWKS) Given New $100.00 Price Target at UBS Group

Skyworks Solutions (NASDAQ:SWKS) had its price target trimmed by UBS Group from $110.00 to $100.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the semiconductor manufacturer’s stock.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Skyworks Solutions from $122.00 to $112.00 and set a buy rating for the company in a research note on Wednesday. Mizuho lowered their target price on shares of Skyworks Solutions from $125.00 to $115.00 and set a buy rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Friday, March 29th. Needham & Company LLC reaffirmed a hold rating on shares of Skyworks Solutions in a research note on Wednesday. Finally, Rosenblatt Securities lowered their target price on shares of Skyworks Solutions from $130.00 to $120.00 and set a buy rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $109.05.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $90.30 on Wednesday. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.98 and a beta of 1.35. The firm’s 50 day moving average is $104.21 and its 200-day moving average is $101.99. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.20%. Skyworks Solutions’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. Sell-side analysts forecast that Skyworks Solutions will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.01%. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Institutional Trading of Skyworks Solutions

A number of large investors have recently added to or reduced their stakes in SWKS. Global Wealth Management Investment Advisory Inc. lifted its stake in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 155 shares during the last quarter. Access Investment Management LLC acquired a new stake in Skyworks Solutions in the first quarter valued at $31,000. Milestone Investment Advisors LLC acquired a new stake in Skyworks Solutions in the third quarter valued at $34,000. ST Germain D J Co. Inc. lifted its stake in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.