Barclays Issues Pessimistic Forecast for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price target decreased by equities researchers at Barclays from $55.00 to $45.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the semiconductor manufacturer's stock. Barclays's price objective would indicate a potential downside of 22.32% from the company's current price.

A number of other equities research analysts have also recently commented on SWKS. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Piper Sandler decreased their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Stifel Nicolaus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating and cut their price objective for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $82.39.

Skyworks Solutions Trading Up 2.0 %

SWKS traded up $1.15 during trading on Tuesday, reaching $57.93. 1,356,722 shares of the company's stock were exchanged, compared to its average volume of 2,822,706. The firm has a fifty day moving average price of $63.78 and a two-hundred day moving average price of $80.25. The stock has a market capitalization of $9.09 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. Skyworks Solutions has a one year low of $47.93 and a one year high of $120.86. 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 (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.60% and a net margin of 13.02%. As a group, equities research analysts forecast that Skyworks Solutions will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On Skyworks Solutions

Several large investors have recently made changes to their positions in SWKS. Stephens Inc. AR boosted its holdings in Skyworks Solutions by 9.5% in the fourth quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock worth $380,000 after acquiring an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Skyworks Solutions by 126.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock valued at $9,047,000 after purchasing an additional 57,146 shares during the last quarter. Barclays PLC raised 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. SBI Securities Co. Ltd. purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $29,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $2,509,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

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.

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