Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $112.00

Skyworks Solutions (NASDAQ:SWKS) had its price target cut by Stifel Nicolaus from $122.00 to $112.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

A number of other research firms also recently commented on SWKS. Rosenblatt Securities dropped their price objective on Skyworks Solutions from $130.00 to $120.00 and set a buy rating for the company in a report on Wednesday. Susquehanna reaffirmed a neutral rating and issued a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday. StockNews.com lowered shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Friday, March 29th. KeyCorp downgraded shares of Skyworks Solutions from an overweight rating to a sector weight rating in a research note on Monday, April 8th. Finally, Benchmark cut shares of Skyworks Solutions from a buy rating to a hold rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of Hold and a consensus target price of $108.86.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $92.51 on Wednesday. The stock has a market capitalization 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. The company has a current ratio of 2.79, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 1-year low of $85.06 and a 1-year high of $115.69. The business has a 50-day moving average price of $103.64 and a two-hundred day moving average price of $101.82.

Skyworks Solutions (NASDAQ:SWKS) last released its 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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS. Equities analysts predict that Skyworks Solutions will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Insider Activity at Skyworks Solutions

In other news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by insiders.

Institutional Trading of Skyworks Solutions

Hedge funds have recently made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new position in shares of Skyworks Solutions in the first quarter valued at approximately $4,686,000. Pzena Investment Management LLC increased its position in Skyworks Solutions by 27.5% in the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock valued at $371,445,000 after acquiring an additional 740,048 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of Skyworks Solutions by 3.7% during the first quarter. Rehmann Capital Advisory Group now owns 10,672 shares of the semiconductor manufacturer’s stock valued at $1,156,000 after acquiring an additional 378 shares during the last quarter. Commerce Bank lifted its holdings in shares of Skyworks Solutions by 3.8% during the first quarter. Commerce Bank now owns 61,596 shares of the semiconductor manufacturer’s stock worth $6,672,000 after purchasing an additional 2,270 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Skyworks Solutions by 6.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 18,529 shares of the semiconductor manufacturer’s stock worth $2,007,000 after purchasing an additional 1,054 shares during the last quarter. 85.43% of the stock is 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.