Skyworks Solutions (NASDAQ:SWKS) Given New $65.00 Price Target at UBS Group

Skyworks Solutions (NASDAQ:SWKS) had its price target lowered by research analysts at UBS Group from $70.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. UBS Group’s price target suggests a potential upside of 1.12% from the company’s previous close.

A number of other brokerages have also weighed in on SWKS. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Piper Sandler lowered their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Citigroup increased their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $80.44.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $64.28 on Tuesday. The stock’s 50 day moving average price is $62.99 and its two-hundred day moving average price is $78.76. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions has a 52-week low of $47.93 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, equities analysts predict that Skyworks Solutions will post 3.7 earnings per share for the current year.

Insider Activity

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Several institutional investors have recently made changes to their positions in SWKS. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions during the 4th quarter valued at about $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at about $33,000. Mattson Financial Services LLC purchased a new stake in shares of Skyworks Solutions in the fourth quarter worth about $37,000. Finally, Manchester Capital Management LLC grew its stake in Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $49,000 after acquiring an additional 426 shares in the last quarter. Hedge funds and other institutional investors 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.