Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $135.00 at Susquehanna

Skyworks Solutions (NASDAQ:SWKSGet Rating) had its target price lowered by analysts at Susquehanna from $160.00 to $135.00 in a research note issued to investors on Wednesday, The Fly reports. Susquehanna’s price objective would suggest a potential upside of 13.00% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Bank of America cut their price target on Skyworks Solutions from $180.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, February 4th. Cowen dropped their price objective on Skyworks Solutions from $210.00 to $175.00 and set an “outperform” rating for the company in a report on Friday, February 4th. Barclays dropped their price objective on Skyworks Solutions from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating and set a $118.00 price objective for the company in a report on Thursday, April 28th. Finally, Citigroup dropped their price objective on Skyworks Solutions from $156.00 to $152.00 and set a “neutral” rating for the company in a report on Tuesday, March 22nd. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $175.86.

Shares of SWKS opened at $119.47 on Wednesday. The stock has a fifty day moving average of $127.84 and a two-hundred day moving average of $144.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.97 and a current ratio of 4.20. The company has a market capitalization of $19.59 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.13. Skyworks Solutions has a fifty-two week low of $111.20 and a fifty-two week high of $197.62.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $2.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.63. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Skyworks Solutions had a return on equity of 30.57% and a net margin of 27.18%. Skyworks Solutions’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 EPS. As a group, equities research analysts forecast that Skyworks Solutions will post 10 earnings per share for the current fiscal year.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of SWKS. Pittenger & Anderson Inc. boosted its position in Skyworks Solutions by 1,750.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 175 shares during the last quarter. Carroll Investors Inc purchased a new position in Skyworks Solutions in the 4th quarter valued at about $26,000. Financial Management Professionals Inc. boosted its position in Skyworks Solutions by 1,845.5% in the 1st quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. Lindbrook Capital LLC boosted its position in Skyworks Solutions by 108.7% in the 4th quarter. Lindbrook Capital LLC now owns 192 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 100 shares during the last quarter. Finally, Bank of New Hampshire purchased a new position in Skyworks Solutions in the 1st quarter valued at about $30,000. 72.09% of the stock is owned by institutional investors.

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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