Skyworks Solutions (NASDAQ:SWKS) Stock Rating Lowered by Mizuho

Mizuho lowered shares of Skyworks Solutions (NASDAQ:SWKS) from an outperform rating to a neutral rating in a research report report published on Thursday, Marketbeat reports. Mizuho currently has $62.00 price target on the semiconductor manufacturer’s stock, down from their prior price target of $105.00.

SWKS has been the subject of several other research reports. B. Riley downgraded 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 report on Thursday. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Morgan Stanley dropped their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the company from $105.00 to $62.00 in a research note on Thursday. Finally, Loop Capital started coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $65.60 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The business’s fifty day moving average is $89.37 and its 200 day moving average is $95.52. The company has a market capitalization of $10.54 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. Sell-side analysts predict that Skyworks Solutions will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Insider Activity

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

Several hedge funds have recently added to or reduced their stakes in the company. Forsta AP Fonden lifted its stake in Skyworks Solutions by 27.0% in the third quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer’s stock worth $3,674,000 after purchasing an additional 7,900 shares during the last quarter. Versor Investments LP increased its stake in Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer’s stock worth $1,966,000 after buying an additional 10,658 shares during the period. Van ECK Associates Corp increased its position in shares of Skyworks Solutions by 25.3% during the third quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer’s stock worth $152,915,000 after acquiring an additional 325,672 shares during the period. Barclays PLC raised its stake in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after acquiring an additional 949,407 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Skyworks Solutions by 20.2% in the third quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock valued at $3,615,000 after purchasing an additional 6,151 shares during the period. 85.43% of the stock is currently owned by institutional investors.

About Skyworks Solutions

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.