Skyworks Solutions (NASDAQ:SWKS) Cut to Hold at Argus

Argus lowered shares of Skyworks Solutions (NASDAQ:SWKS) from a buy rating to a hold rating in a research note issued to investors on Monday, Marketbeat reports.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Craig Hallum reduced their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Morgan Stanley dropped their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Barclays lowered their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $66.19 on Monday. The stock has a market cap of $10.64 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The firm’s fifty day simple moving average is $87.57 and its 200 day simple moving average is $93.97. Skyworks Solutions has a twelve month low of $62.01 and a twelve month high of $120.86. The company has a quick ratio of 4.24, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. As a group, research analysts predict that Skyworks Solutions will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. PAX Financial Group LLC boosted its holdings in Skyworks Solutions by 0.8% in the fourth quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer’s stock worth $1,949,000 after acquiring an additional 168 shares in the last quarter. Grant Private Wealth Management Inc purchased a new position in Skyworks Solutions during the fourth quarter valued at approximately $240,000. Arete Wealth Advisors LLC increased its position in shares of Skyworks Solutions by 21.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 2,971 shares of the semiconductor manufacturer’s stock valued at $264,000 after buying an additional 531 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Skyworks Solutions by 7.5% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer’s stock worth $209,000 after acquiring an additional 165 shares during the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of Skyworks Solutions by 8.0% in the fourth quarter. Westpac Banking Corp now owns 4,190 shares of the semiconductor manufacturer’s stock worth $372,000 after acquiring an additional 311 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

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.