Skyworks Solutions (NASDAQ:SWKS) Given New $115.00 Price Target at Mizuho

Skyworks Solutions (NASDAQ:SWKS) had its price target reduced by Mizuho from $125.00 to $115.00 in a research note issued to investors on Wednesday, Benzinga reports. Mizuho currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other equities research analysts have also commented on SWKS. Piper Sandler reiterated a neutral rating and issued a $90.00 target price on shares of Skyworks Solutions in a research report on Thursday, January 4th. TD Cowen downgraded shares of Skyworks Solutions from a buy rating to a hold rating and dropped their price objective for the company from $125.00 to $90.00 in a report on Wednesday. KeyCorp cut shares of Skyworks Solutions from an overweight rating to a sector weight rating in a report on Monday, April 8th. Susquehanna reaffirmed a neutral rating and issued a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a report on Wednesday. Finally, Benchmark downgraded Skyworks Solutions from a buy rating to a hold rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $108.86.

Skyworks Solutions Trading Up 3.1 %

NASDAQ SWKS opened at $92.51 on Wednesday. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a fifty day simple moving average of $103.64 and a two-hundred day simple moving average of $101.82. The company has a current ratio of 2.79, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.82 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.67 and a beta of 1.35.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 EPS. On average, analysts forecast that Skyworks Solutions will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be given a $0.68 dividend. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.94%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Skyworks Solutions by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after purchasing an additional 123,564 shares in the last quarter. Victory Capital Management Inc. lifted its position in Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after buying an additional 136,188 shares in the last quarter. Pzena Investment Management LLC lifted its position in Skyworks Solutions by 27.5% during the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after buying an additional 740,048 shares in the last quarter. Invesco Ltd. boosted its stake in Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after buying an additional 321,243 shares during the last quarter. Finally, FIL Ltd grew its holdings in Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after buying an additional 64,389 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.