Skyworks Solutions (NASDAQ:SWKS) Downgraded by B. Riley to Neutral

B. Riley downgraded shares of Skyworks Solutions (NASDAQ:SWKS – Get Rating) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have $138.00 target price on the semiconductor manufacturer’s stock, down from their prior target price of $175.00.

SWKS has been the subject of a number of other research reports. Citigroup dropped their target price on shares of Skyworks Solutions from $156.00 to $152.00 and set a neutral rating for the company in a report on Tuesday, March 22nd. Susquehanna dropped their price objective on shares of Skyworks Solutions from $195.00 to $160.00 and set a neutral rating for the company in a report on Friday, February 4th. UBS Group dropped their price objective on shares of Skyworks Solutions from $180.00 to $145.00 and set a neutral rating for the company in a report on Friday, February 4th. Bank of America dropped their price objective on shares of Skyworks Solutions from $180.00 to $165.00 and set a neutral rating for the company in a report on Friday, February 4th. Finally, Cowen dropped their price objective on shares of Skyworks Solutions from $210.00 to $175.00 and set an outperform rating for the company in a report on Friday, February 4th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has a consensus rating of Hold and a consensus price target of $185.90.

Shares of NASDAQ SWKS opened at $120.34 on Tuesday. The firm has a market cap of $19.74 billion, a PE ratio of 14.46, a PEG ratio of 0.90 and a beta of 1.09. The firm has a fifty day moving average of $133.76 and a 200 day moving average of $149.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.97 and a current ratio of 4.20. Skyworks Solutions has a one year low of $118.99 and a one year high of $204.00.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last released its earnings results on Thursday, February 3rd. The semiconductor manufacturer reported $2.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.75 by $0.15. Skyworks Solutions had a net margin of 27.18% and a return on equity of 30.57%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $3.09 earnings per share. On average, equities analysts predict that Skyworks Solutions will post 10.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, February 22nd were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, February 18th. Skyworks Solutions’s dividend payout ratio is presently 26.92%.

In related news, CEO Liam Griffin sold 10,000 shares of the stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $146.91, for a total transaction of $1,469,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 40,000 shares of company stock valued at $5,782,100. Corporate insiders own 0.31% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Carroll Investors Inc purchased a new stake in Skyworks Solutions during the 4th quarter worth about $26,000. Lindbrook Capital LLC increased its position in Skyworks Solutions by 108.7% during the 4th quarter. Lindbrook Capital LLC now owns 192 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. IronBridge Private Wealth LLC purchased a new stake in Skyworks Solutions during the 4th quarter worth about $32,000. Raleigh Capital Management Inc. purchased a new stake in Skyworks Solutions during the 4th quarter worth about $34,000. Finally, Global Wealth Management Investment Advisory Inc. increased its position in Skyworks Solutions by 1,294.4% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 251 shares of the semiconductor manufacturer’s stock worth $39,000 after purchasing an additional 233 shares in the last quarter. 72.57% of the stock is owned by institutional investors and hedge funds.

About Skyworks Solutions (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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