Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) PT at $79.29

Skyworks Solutions, Inc. (NASDAQ:SWKS) has received a consensus rating of “Reduce” from the twenty research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $78.29.

A number of brokerages recently commented on SWKS. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $65.00 in a research report on Thursday, February 6th. Morgan Stanley reduced their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group reduced their target price on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th.

Skyworks Solutions Price Performance

SWKS stock opened at $68.23 on Tuesday. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.79 and a beta of 1.18. The firm’s 50-day moving average price is $63.07 and its two-hundred day moving average price is $77.12. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The business had revenue of $953.20 million during the quarter, compared to analyst estimates of $951.50 million. During the same quarter in the prior year, the company posted $1.55 EPS. Skyworks Solutions’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, equities analysts predict that Skyworks Solutions will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 4.10%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Stephens Inc. AR grew its position in Skyworks Solutions by 9.5% during the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock valued at $380,000 after buying an additional 372 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Skyworks Solutions by 126.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock worth $9,047,000 after buying an additional 57,146 shares in the last quarter. Barclays PLC raised its stake in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions in the fourth quarter worth $29,000. Finally, Proficio Capital Partners LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth $2,509,000. 85.43% of the stock is currently 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.