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

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have earned an average recommendation of “Reduce” from the twenty-three research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $83.78.

A number of equities research analysts have weighed in on the stock. Bank of America decreased their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research note on Thursday, February 6th. Barclays reduced their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Mizuho downgraded shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $65.00 in a research note on Thursday, February 6th. Finally, Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

Insider Activity

In related news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Skyworks Solutions

A number of institutional investors and hedge funds have recently modified their holdings of SWKS. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $33,000. Finally, Investors Research Corp grew its stake in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Trading Down 1.2 %

Shares of Skyworks Solutions stock opened at $70.05 on Monday. The company’s fifty day simple moving average is $76.63 and its 200-day simple moving average is $87.15. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 1 year low of $62.01 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. As a group, sell-side analysts expect that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.00%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

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.