Skyworks Solutions’ (SWKS) Hold Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report report published on Thursday,Benzinga reports.

A number of other equities research analysts have also issued reports on the company. Barclays lowered their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. Susquehanna reduced their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Loop Capital began coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price target for the company. Finally, Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price objective for the stock from $105.00 to $62.00 in a report on Thursday. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $65.60 on Thursday. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.96 and a beta of 1.14. The company’s 50 day simple moving average is $89.37 and its 200 day simple moving average is $95.52. Skyworks Solutions has a 1 year low of $62.01 and a 1 year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

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

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.27%. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $1,122,000. Czech National Bank raised its stake in Skyworks Solutions by 6.4% during the 3rd quarter. Czech National Bank now owns 32,535 shares of the semiconductor manufacturer’s stock valued at $3,213,000 after acquiring an additional 1,961 shares in the last quarter. GAMMA Investing LLC boosted its position in Skyworks Solutions by 17.3% during the 3rd 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 bought a new position in shares of Skyworks Solutions in the third quarter worth $231,000. Finally, CWM LLC increased its holdings in shares of 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 during the period. 85.43% of the stock is currently owned by 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.