Skyworks Solutions’ (SWKS) “Neutral” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a report released on Thursday, Marketbeat reports. The brokerage currently has a $80.00 price objective on the semiconductor manufacturer’s stock, down from their prior price objective of $120.00.

SWKS has been the topic of several other research reports. Citigroup raised their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $110.00 to $65.00 in a report on Thursday. Craig Hallum lowered their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, Loop Capital began coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Stock Down 24.7 %

Skyworks Solutions stock opened at $65.60 on Thursday. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.96 and a beta of 1.14. 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 $62.01 and a 12 month high of $120.86. The stock has a fifty day simple moving average of $89.37 and a two-hundred day simple moving average of $95.52.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Equities analysts predict that Skyworks Solutions will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Activity

In other news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Skyworks Solutions in the 4th quarter worth $7,947,000. Arizona State Retirement System raised its position in Skyworks Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 46,378 shares of the semiconductor manufacturer’s stock valued at $4,113,000 after purchasing an additional 410 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Skyworks Solutions in the 4th quarter worth approximately $2,509,000. Seizert Capital Partners LLC boosted its holdings in shares of Skyworks Solutions by 8.8% in the 4th quarter. Seizert Capital Partners LLC now owns 377,048 shares of the semiconductor manufacturer’s stock worth $33,437,000 after purchasing an additional 30,580 shares during the period. Finally, M&T Bank Corp increased its position in shares of Skyworks Solutions by 9.5% during the 4th quarter. M&T Bank Corp now owns 12,443 shares of the semiconductor manufacturer’s stock valued at $1,104,000 after purchasing an additional 1,075 shares during the last quarter. 85.43% of the stock is 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.