Stifel Nicolaus Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $112.00

Skyworks Solutions (NASDAQ:SWKS) had its price target cut by Stifel Nicolaus from $122.00 to $112.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other research analysts have also issued reports about the stock. Benchmark lowered shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Wednesday. B. Riley raised their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a neutral rating in a research note on Wednesday, January 31st. KeyCorp cut Skyworks Solutions from an overweight rating to a sector weight rating in a research note on Monday, April 8th. Susquehanna reissued a neutral rating and set a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday. Finally, TD Cowen downgraded Skyworks Solutions from a buy rating to a hold rating and cut their price objective for the company from $125.00 to $90.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $108.86.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $92.51 on Wednesday. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 3.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.51. The business has a 50 day simple moving average of $103.41 and a 200-day simple moving average of $101.80. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $115.69.

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 given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s payout ratio is 51.13%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the purchase, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Skyworks Solutions by 40.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer’s stock valued at $2,199,000 after buying an additional 6,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Skyworks Solutions by 2.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,911 shares of the semiconductor manufacturer’s stock worth $1,667,000 after purchasing an additional 362 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Skyworks Solutions by 639.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 161,155 shares of the semiconductor manufacturer’s stock worth $15,888,000 after purchasing an additional 139,372 shares in the last quarter. Xponance Inc. grew its holdings in Skyworks Solutions by 4.1% in the third quarter. Xponance Inc. now owns 21,230 shares of the semiconductor manufacturer’s stock valued at $2,093,000 after purchasing an additional 845 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of Skyworks Solutions by 22.3% in the third quarter. Stratos Wealth Partners LTD. now owns 3,818 shares of the semiconductor manufacturer’s stock valued at $376,000 after buying an additional 695 shares in the last quarter. 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.