Skyworks Solutions (NASDAQ:SWKS) Cut to Hold at Argus

Argus lowered shares of Skyworks Solutions (NASDAQ:SWKS) from a buy rating to a hold rating in a research report sent to investors on Monday morning, Marketbeat.com reports.

A number of other brokerages have also issued reports on SWKS. Citigroup upped their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Piper Sandler cut their price target on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Up 1.5 %

SWKS stock opened at $66.19 on Monday. The firm has a market cap of $10.64 billion, a PE ratio of 20.30, a PEG ratio of 1.45 and a beta of 1.14. Skyworks Solutions has a 1 year low of $62.01 and a 1 year high of $120.86. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $87.57 and a 200 day simple moving average of $93.97.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Sell-side analysts anticipate that Skyworks Solutions will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of SWKS. Brookstone Capital Management bought a new stake in Skyworks Solutions during the 3rd quarter valued at $231,000. CWM LLC boosted its position in Skyworks Solutions by 20.2% during the third quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock worth $809,000 after purchasing an additional 1,375 shares during the period. UMB Bank n.a. boosted its position in shares of Skyworks Solutions by 8.7% in the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after acquiring an additional 115 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Skyworks Solutions in the third quarter valued at approximately $69,000. Finally, Simplicity Wealth LLC raised its stake in Skyworks Solutions by 3.8% in the third quarter. Simplicity Wealth LLC now owns 5,514 shares of the semiconductor manufacturer’s stock valued at $545,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Company Profile

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.