Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $110.00 at Susquehanna

Skyworks Solutions (NASDAQ:SWKS) had its price target lowered by Susquehanna from $125.00 to $110.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the semiconductor manufacturer’s stock.

Several other equities analysts have also commented on SWKS. Piper Sandler reaffirmed a “neutral” rating and issued a $115.00 price objective (up from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Bank of America lifted their price target on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $111.65.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $94.94 on Monday. The firm’s fifty day simple moving average is $100.97 and its two-hundred day simple moving average is $101.66. The firm has a market capitalization of $15.23 billion, a P/E ratio of 17.85, a P/E/G ratio of 4.47 and a beta of 1.20. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm had revenue of $905.50 million for the quarter, compared to the consensus estimate of $900.41 million. During the same period in the previous year, the business earned $1.50 EPS. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. Analysts forecast that Skyworks Solutions will post 5.21 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is currently 52.63%.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,341 shares of company stock valued at $2,142,110. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Avenue Securities LLC boosted its stake in shares of Skyworks Solutions by 26.9% in the first quarter. Park Avenue Securities LLC now owns 6,971 shares of the semiconductor manufacturer’s stock worth $755,000 after acquiring an additional 1,476 shares during the last quarter. Brookstone Capital Management acquired a new stake in Skyworks Solutions during the 1st quarter worth $262,000. Janiczek Wealth Management LLC grew its holdings in shares of Skyworks Solutions by 370.2% during the first quarter. Janiczek Wealth Management LLC now owns 663 shares of the semiconductor manufacturer’s stock worth $72,000 after buying an additional 522 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Skyworks Solutions during the first quarter worth $54,000. Finally, Touchstone Capital Inc. raised its position in shares of Skyworks Solutions by 19.2% in the first quarter. Touchstone Capital Inc. now owns 53,447 shares of the semiconductor manufacturer’s stock valued at $5,789,000 after buying an additional 8,599 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other 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.