Skyworks Solutions’ (SWKS) Neutral Rating Reiterated at Rosenblatt Securities

Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “neutral” rating reissued by analysts at Rosenblatt Securities in a research report issued on Thursday, Marketbeat.com reports. They presently have a $80.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $120.00. Rosenblatt Securities’ price objective would indicate a potential upside of 21.78% from the stock’s current price.

A number of other brokerages also recently commented on SWKS. Barclays dropped their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Piper Sandler dropped their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $65.69 on Thursday. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.96 and a beta of 1.14. The firm’s 50-day moving average is $88.93 and its 200 day moving average is $95.15.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Research analysts predict that Skyworks Solutions will post 4.45 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently bought and sold shares of SWKS. Sanctuary Advisors LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $1,122,000. Czech National Bank increased its holdings in Skyworks Solutions by 6.4% in the 3rd quarter. Czech National Bank now owns 32,535 shares of the semiconductor manufacturer’s stock worth $3,213,000 after acquiring an additional 1,961 shares in the last quarter. GAMMA Investing LLC raised its position in Skyworks Solutions by 17.3% during the third quarter. GAMMA Investing LLC now owns 3,664 shares of the semiconductor manufacturer’s stock worth $362,000 after acquiring an additional 540 shares during the period. Brookstone Capital Management acquired a new position in Skyworks Solutions during the third quarter worth $231,000. Finally, CWM LLC lifted its holdings in Skyworks Solutions by 20.2% during the third quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock valued at $809,000 after purchasing an additional 1,375 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.