Morgan Stanley Issues Pessimistic Forecast for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Skyworks Solutions (NASDAQ:SWKS) had its target price trimmed by Morgan Stanley from $117.00 to $87.00 in a report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the semiconductor manufacturer’s stock.

SWKS has been the subject of a number of other reports. B. Riley decreased their price objective on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Barclays cut shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $115.00 to $87.00 in a report on Thursday, October 10th. Loop Capital started coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective for the company. Finally, 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 report on Wednesday. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $101.00.

Skyworks Solutions Stock Performance

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

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $1.95 EPS. Skyworks Solutions’s quarterly revenue was down 15.9% on a year-over-year basis. Analysts anticipate that Skyworks Solutions will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio is 75.68%.

Insiders Place Their Bets

In related news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This trade represents a 20.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. 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 quarter. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

Institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at about $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the second quarter worth about $27,000. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $27,000. Blue Trust Inc. grew its stake 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 purchasing an additional 149 shares during the last quarter. Finally, Investors Research Corp increased its holdings 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 purchasing an additional 213 shares in the last quarter. Institutional investors 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.