Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $83.78 Consensus Target Price from Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been assigned an average recommendation of “Reduce” from the twenty-three research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $83.78.

A number of brokerages recently weighed in on SWKS. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price target for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. 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. The Goldman Sachs Group decreased their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th.

Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in SWKS. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the 3rd quarter worth about $27,000. Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the fourth quarter worth approximately $29,000. Investors Research Corp raised its stake in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $66.53 on Thursday. The firm has a market capitalization of $10.69 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.79 and a beta of 1.14. Skyworks Solutions has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a fifty day moving average of $84.00 and a 200-day moving average of $91.63. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results 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 return on equity of 12.60% and a net margin of 13.02%. As a group, sell-side analysts anticipate that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

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.