Skyworks Solutions (NASDAQ:SWKS) Cut to Underweight at Barclays

Skyworks Solutions (NASDAQ:SWKS) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued on Thursday, Briefing.com reports. They presently have a $87.00 target price on the semiconductor manufacturer’s stock, down from their prior target price of $115.00. Barclays‘s price objective indicates a potential downside of 11.04% from the stock’s current price.

Several other research analysts have also recently issued reports on SWKS. Stifel Nicolaus raised their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Rosenblatt Securities boosted their price target on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. TD Cowen raised their price target on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Susquehanna restated a “neutral” rating and issued a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average price target of $112.53.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $97.80 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 4.39 and a beta of 1.20. The company has a fifty day moving average of $101.84 and a 200-day moving average of $102.24. Skyworks Solutions has a 52-week low of $85.06 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. Equities research analysts expect that Skyworks Solutions will post 5.21 EPS for the current year.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the sale, the vice president now owns 9,112 shares in the company, valued at approximately $1,093,440. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,616 shares of company stock worth $1,202,770 over the last quarter. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Winslow Asset Management Inc. boosted its position in shares of Skyworks Solutions by 0.6% in the fourth quarter. Winslow Asset Management Inc. now owns 88,816 shares of the semiconductor manufacturer’s stock worth $9,985,000 after purchasing an additional 504 shares during the period. FIL Ltd lifted its stake in shares of 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 purchasing an additional 64,389 shares during the last quarter. Quarry LP boosted its holdings in shares of Skyworks Solutions by 93.7% in the 4th quarter. Quarry LP now owns 463 shares of the semiconductor manufacturer’s stock worth $52,000 after purchasing an additional 224 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of Skyworks Solutions by 7.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 61,703 shares of the semiconductor manufacturer’s stock worth $6,937,000 after acquiring an additional 4,086 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Skyworks Solutions by 0.7% in the fourth 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 during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.