Skyworks Solutions (NASDAQ:SWKS) Shares Gap Down – Time to Sell?

Skyworks Solutions, Inc. (NASDAQ:SWKS)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $98.03, but opened at $90.40. Skyworks Solutions shares last traded at $89.79, with a volume of 585,534 shares.

Wall Street Analyst Weigh In

SWKS has been the topic of a number of research reports. Barclays downgraded shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $115.00 to $87.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. B. Riley lowered their price target on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, TD Cowen boosted their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.88.

Skyworks Solutions Trading Down 2.7 %

The stock has a 50-day simple moving average of $99.50 and a 200 day simple moving average of $101.29. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 4.08 and a beta of 1.20.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Skyworks Solutions’s revenue for the quarter was down 15.5% on a year-over-year basis. As a group, equities research analysts predict that Skyworks Solutions, Inc. will post 5.21 EPS for the current fiscal year.

Insider Activity

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,341 shares of company stock valued at $2,142,110 in the last ninety days. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas acquired a new stake in shares of Skyworks Solutions in the first quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in Skyworks Solutions during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Access Investment Management LLC acquired a new stake in shares of Skyworks Solutions in the first quarter worth approximately $31,000. Finally, Blue Trust Inc. raised its stake in Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. 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.