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

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

SWKS has been the subject of a number of research reports. Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Piper Sandler cut their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Citigroup upped their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Finally, B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th.

Skyworks Solutions Stock Down 1.7 %

Skyworks Solutions stock opened at $67.25 on Monday. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The stock has a market cap of $10.81 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The firm’s 50-day simple moving average is $75.68 and its 200 day simple moving average is $86.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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%. Research analysts predict that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 annualized dividend and a dividend yield of 4.16%. Skyworks Solutions’s payout ratio is 85.89%.

Insider Buying and Selling

In other news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

Institutional Trading of Skyworks Solutions

Several institutional investors have recently bought and sold shares of SWKS. Norges Bank purchased a new stake in Skyworks Solutions during the 4th quarter valued at about $228,646,000. Pzena Investment Management LLC raised its stake in Skyworks Solutions by 37.5% during the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after acquiring an additional 1,536,289 shares during the period. Marshall Wace LLP raised its stake in Skyworks Solutions by 4,364.4% during the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer’s stock worth $126,072,000 after acquiring an additional 1,389,803 shares during the period. Vulcan Value Partners LLC raised its position in shares of Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock valued at $469,162,000 after buying an additional 1,194,782 shares during the last quarter. Finally, Barclays PLC raised its position 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 buying an additional 949,407 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other 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.