Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have received an average rating of “Reduce” from the twenty-three brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $83.78.

Several research firms have recently weighed in on SWKS. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Barclays dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Citigroup boosted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently modified their holdings of SWKS. Apollon Wealth Management LLC raised its holdings in shares of Skyworks Solutions by 20.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,003 shares of the semiconductor manufacturer’s stock worth $297,000 after buying an additional 506 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $380,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Skyworks Solutions by 30.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,388 shares of the semiconductor manufacturer’s stock worth $433,000 after buying an additional 1,022 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Skyworks Solutions by 6.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the semiconductor manufacturer’s stock worth $445,000 after buying an additional 263 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Skyworks Solutions by 6.7% during the 3rd quarter. CIBC Asset Management Inc now owns 27,273 shares of the semiconductor manufacturer’s stock worth $2,694,000 after buying an additional 1,709 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $69.40 on Monday. The business’s 50-day simple moving average is $77.92 and its 200 day simple moving average is $87.81. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.79 and a beta of 1.18. Skyworks Solutions has a 12-month low of $62.01 and a 12-month high of $120.86. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (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%. As a group, research analysts anticipate that Skyworks Solutions will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.03%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

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.