Mizuho Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $105.00

Skyworks Solutions (NASDAQ:SWKS) had its price target decreased by Mizuho from $127.00 to $105.00 in a report released on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the semiconductor manufacturer’s stock.

A number of other analysts have also recently weighed in on the stock. Barclays cut shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $115.00 to $87.00 in a report on Thursday, October 10th. B. Riley cut their target price on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Piper Sandler dropped their price target on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $101.00.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $83.69 on Wednesday. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. Skyworks Solutions has a one year low of $82.13 and a one year high of $120.86. The company’s 50-day simple moving average is $95.14 and its 200-day simple moving average is $100.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 3.01.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 EPS. Equities analysts anticipate that Skyworks Solutions will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Activity

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. The trade was a 20.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This trade represents a 6.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,841 shares of company stock worth $3,034,265 over the last 90 days. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently modified their holdings of SWKS. Rothschild Investment LLC purchased a new position in Skyworks Solutions in the 2nd quarter worth about $27,000. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions in the second quarter worth about $27,000. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions in the third quarter worth approximately $27,000. Blue Trust Inc. raised its holdings in shares of Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 149 shares during the period. Finally, Investors Research Corp lifted its position in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 213 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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.