Recent Analysts’ Ratings Changes for Skyworks Solutions (SWKS)

Skyworks Solutions (NASDAQ: SWKS) recently received a number of ratings updates from brokerages and research firms:

• 11/14/2024 – Skyworks Solutions had its price target lowered by analysts at B. Riley from $120.00 to $110.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at Barclays PLC from $87.00 to $80.00. They now have an “underweight” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at Citigroup Inc. from $83.00 to $72.00. They now have a “sell” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at Mizuho from $127.00 to $105.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at Piper Sandler from $95.00 to $85.00. They now have a “neutral” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at JPMorgan Chase & Co. from $120.00 to $100.00. They now have a “neutral” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at Susquehanna from $110.00 to $100.00. They now have a “neutral” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its “hold” rating reaffirmed by analysts at Benchmark Co..
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at Morgan Stanley from $117.00 to $87.00. They now have an “equal weight” rating on the stock.
• 11/13/2024 – Skyworks Solutions had its price target lowered by analysts at Craig Hallum from $140.00 to $105.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Skyworks Solutions is now covered by analysts at Loop Capital. They set a “hold” rating and a $90.00 price target on the stock.
• 10/25/2024 – Skyworks Solutions had its price target lowered by analysts at Piper Sandler from $115.00 to $95.00. They now have a “neutral” rating on the stock.
• 10/24/2024 – Skyworks Solutions had its price target lowered by analysts at B. Riley from $140.00 to $120.00. They now have a “buy” rating on the stock.
• 10/21/2024 – Skyworks Solutions had its price target lowered by analysts at Susquehanna from $125.00 to $110.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – Skyworks Solutions was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $87.00 price target on the stock, down previously from $115.00.

Skyworks Solutions Stock Up 0.6 %

Shares of NASDAQ SWKS traded up $0.52 during mid-day trading on Thursday, reaching $86.80. The company had a trading volume of 1,836,575 shares, compared to its average volume of 2,810,753. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $93.09 and a two-hundred day simple moving average of $99.89. The stock has a market cap of $13.88 billion, a P/E ratio of 23.46, a PEG ratio of 1.90 and a beta of 1.21. Skyworks Solutions, Inc. has a 52-week low of $82.13 and a 52-week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. Sell-side analysts predict that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now directly owns 24,567 shares in the company, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the firm’s 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 transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This trade represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock worth $3,034,265 over the last 90 days. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

Institutional investors have recently added to or reduced their stakes in the business. Vulcan Value Partners LLC increased its holdings in Skyworks Solutions by 38.8% in the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after buying an additional 1,262,964 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after buying an additional 1,233,618 shares during the last quarter. Barclays PLC increased its holdings in Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after buying an additional 949,407 shares during the last quarter. Wellington Management Group LLP increased its holdings in Skyworks Solutions by 52.0% in the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock worth $223,994,000 after buying an additional 775,470 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in Skyworks Solutions by 5,769.6% in the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock worth $71,708,000 after buying an additional 713,636 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

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.