Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $95.00

Skyworks Solutions (NASDAQ:SWKS) had its price objective lowered by Piper Sandler from $115.00 to $95.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a neutral rating on the semiconductor manufacturer’s stock.

Other equities research analysts also recently issued research reports about the company. Craig Hallum increased their price target on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Rosenblatt Securities boosted their price target on Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays lowered Skyworks Solutions from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $115.00 to $87.00 in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.88.

Skyworks Solutions Stock Up 0.1 %

Shares of Skyworks Solutions stock opened at $95.20 on Friday. The business’s 50 day simple moving average is $100.26 and its 200 day simple moving average is $101.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The firm has a market cap of $15.21 billion, a PE ratio of 19.63, a P/E/G ratio of 4.32 and a beta of 1.20. Skyworks Solutions has a 52-week low of $85.06 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The company had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. On average, analysts predict that Skyworks Solutions will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.70 dividend. The ex-dividend date was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.94%. Skyworks Solutions’s payout ratio is 57.73%.

Insider Transactions at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the transaction, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,341 shares of company stock valued at $2,142,110 in the last quarter. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Skyworks Solutions

A number of large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in Skyworks Solutions by 4.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock valued at $239,000 after purchasing an additional 87 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Skyworks Solutions by 3.0% during the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after acquiring an additional 94 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Skyworks Solutions by 14.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock worth $83,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Skyworks Solutions by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock valued at $1,468,000 after acquiring an additional 100 shares in the last quarter. Finally, Zega Financial LLC boosted its stake in Skyworks Solutions by 5.0% during the 2nd quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock valued at $224,000 after purchasing an additional 100 shares during the last quarter. 85.43% of the stock is currently owned by 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.