Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Average Recommendation of “Hold” by Analysts

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been assigned an average rating of “Hold” from the twenty-two brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $101.12.

SWKS has been the topic of several research reports. Craig Hallum cut their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Barclays dropped their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. B. Riley decreased their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Morgan Stanley dropped their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Finally, Mizuho lowered their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th.

Skyworks Solutions Stock Down 1.4 %

SWKS stock opened at $91.20 on Friday. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $89.31 and a 200-day simple moving average of $97.21. The company has a market capitalization of $14.58 billion, a P/E ratio of 24.65, a PEG ratio of 2.03 and a beta of 1.15. Skyworks Solutions has a twelve month low of $82.13 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the business earned $1.95 EPS. On average, equities research analysts predict that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.07%. Skyworks Solutions’s payout ratio is 75.68%.

Insider Activity

In related news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

A number of institutional investors have recently made changes to their positions in SWKS. Unison Advisors LLC increased its stake in shares of Skyworks Solutions by 0.6% during the third quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock valued at $1,717,000 after acquiring an additional 110 shares during the period. Abich Financial Wealth Management LLC boosted its stake in Skyworks Solutions by 9.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after purchasing an additional 112 shares in the last quarter. UMB Bank n.a. boosted its stake in Skyworks Solutions by 8.7% during the 3rd quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after purchasing an additional 115 shares in the last quarter. Empirical Finance LLC increased its position in shares of Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after purchasing an additional 121 shares during the period. Finally, Waldron Private Wealth LLC raised its stake in shares of Skyworks Solutions by 4.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after buying an additional 133 shares in 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.