Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Consensus Recommendation of “Hold” from Analysts

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been given an average recommendation of “Hold” by the twenty-two ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $101.00.

SWKS has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Mizuho cut their price target on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. B. Riley dropped their target price on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Morgan Stanley reduced their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th.

Insider Activity

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. This trade represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,520 shares of company stock worth $2,083,803 over the last three months. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its stake in shares of Skyworks Solutions by 0.7% in the second 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. Zega Financial LLC raised its holdings in Skyworks Solutions by 5.0% in the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer’s stock valued at $224,000 after acquiring an additional 100 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Skyworks Solutions by 0.7% in the second quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer’s stock worth $1,569,000 after acquiring an additional 107 shares during the last quarter. Unison Advisors LLC grew its holdings in Skyworks Solutions by 0.6% during the 3rd quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock worth $1,717,000 after acquiring an additional 110 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of Skyworks Solutions by 9.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Up 1.9 %

NASDAQ:SWKS opened at $92.66 on Wednesday. The company has a market capitalization of $14.82 billion, a P/E ratio of 25.04, a PEG ratio of 2.01 and a beta of 1.15. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12 month low of $82.13 and a 12 month high of $120.86. The firm has a fifty day simple moving average of $88.15 and a 200-day simple moving average of $98.41.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The firm’s revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts anticipate that Skyworks Solutions will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.02%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

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.