Skyworks Solutions (NASDAQ:SWKS) Price Target Lowered to $100.00 at Susquehanna

Skyworks Solutions (NASDAQ:SWKS) had its target price reduced by Susquehanna from $110.00 to $100.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.

A number of other brokerages also recently issued reports on SWKS. Barclays downgraded Skyworks Solutions from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $115.00 to $87.00 in a report on Thursday, October 10th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.59.

Skyworks Solutions Stock Down 4.4 %

Shares of Skyworks Solutions stock opened at $83.18 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 3.95 and a beta of 1.21. The firm’s 50-day moving average is $95.79 and its two-hundred day moving average is $100.49. Skyworks Solutions has a 1 year low of $82.13 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (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 13.73%. The company’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. As a group, research analysts expect that Skyworks Solutions will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.37%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,684 shares of company stock valued at $3,232,333. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Skyworks Solutions

Large investors have recently made changes to their positions in the company. Vulcan Value Partners LLC raised its position in shares of 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 acquiring an additional 1,262,964 shares during the period. Pacer Advisors Inc. raised its holdings in Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after purchasing an additional 1,233,618 shares during the period. Swedbank AB purchased a new position in Skyworks Solutions during the first quarter worth approximately $110,086,000. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after purchasing an additional 745,374 shares during the period. Finally, Mizuho Securities USA LLC increased its position in shares of 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 valued at $71,708,000 after buying an additional 713,636 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.