Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $83.78 Consensus Price Target from Analysts

Skyworks Solutions, Inc. (NASDAQ:SWKS) has received an average recommendation of “Reduce” from the twenty-three brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $83.78.

SWKS has been the topic of several analyst reports. Piper Sandler lowered their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $65.00 in a report on Thursday, February 6th.

Insider Activity

In other news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently modified their holdings of the company. Empirical Finance LLC raised its position in shares of Skyworks Solutions by 2.2% in the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after buying an additional 121 shares during the last quarter. Resources Management Corp CT ADV raised its position in shares of Skyworks Solutions by 3.4% in the third quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock valued at $427,000 after buying an additional 142 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of Skyworks Solutions by 5.0% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer’s stock valued at $267,000 after buying an additional 143 shares during the last quarter. Savant Capital LLC grew its holdings in Skyworks Solutions by 5.0% in the fourth quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer’s stock valued at $271,000 after purchasing an additional 144 shares during the period. Finally, Private Trust Co. NA grew its holdings in Skyworks Solutions by 18.4% in the third quarter. Private Trust Co. NA now owns 940 shares of the semiconductor manufacturer’s stock valued at $93,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 1.7 %

Shares of Skyworks Solutions stock opened at $67.25 on Monday. The company has a market capitalization of $10.81 billion, a P/E ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.18. The company’s fifty day moving average is $75.68 and its two-hundred day moving average is $86.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. Skyworks Solutions has a 1 year low of $62.01 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Analysts forecast that Skyworks Solutions will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

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.