Skyworks Solutions (NASDAQ:SWKS) Hits New 52-Week Low – What’s Next?

Skyworks Solutions, Inc. (NASDAQ:SWKS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $47.93 and last traded at $49.20, with a volume of 6327940 shares. The stock had previously closed at $53.38.

Analyst Ratings Changes

SWKS has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Morgan Stanley lowered their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Bank of America cut their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday, February 6th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The stock’s 50-day simple moving average is $67.65 and its 200 day simple moving average is $83.10.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. Analysts expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.69%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of SWKS. Resources Management Corp CT ADV boosted its position in Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after buying an additional 142 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after acquiring an additional 143 shares during the last quarter. Savant Capital LLC boosted its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after acquiring an additional 144 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in Skyworks Solutions by 2.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer’s stock worth $566,000 after purchasing an additional 156 shares during the period. Finally, Motley Fool Asset Management LLC raised its holdings in Skyworks Solutions by 7.5% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer’s stock worth $209,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds 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.