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

Skyworks Solutions (NASDAQ:SWKS) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a research note issued on Monday,Finviz reports.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price objective for the stock from $105.00 to $62.00 in a report on Thursday. Bank of America cut their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday. Susquehanna decreased their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $62.00 in a research report on Thursday. Finally, B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $65.00 in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $65.69 on Monday. The company has a market cap of $10.56 billion, a P/E ratio of 20.15, a PEG ratio of 1.45 and a beta of 1.14. The firm has a fifty day moving average price of $88.93 and a 200 day moving average price of $94.86. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12 month low of $62.01 and a 12 month high of $120.86.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Erste Asset Management GmbH purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions in the fourth quarter valued at $29,000. Investors Research Corp increased its position in shares of 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 buying an additional 213 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Skyworks Solutions in the 3rd quarter worth about $40,000. 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.