Morgan Stanley Has Lowered Expectations for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price target decreased by research analysts at Morgan Stanley from $117.00 to $87.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the semiconductor manufacturer's stock. Morgan Stanley's price objective points to a potential upside of 4.71% from the company's current price.

A number of other equities research analysts have also issued reports on SWKS. B. Riley dropped their price target on Skyworks Solutions from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. TD Cowen upped their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Barclays cut Skyworks Solutions from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $115.00 to $87.00 in a report on Thursday, October 10th. Stifel Nicolaus upped their price objective on Skyworks Solutions from $112.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Three research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $101.59.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $3.95 on Wednesday, hitting $83.09. The company's stock had a trading volume of 5,650,237 shares, compared to its average volume of 2,376,427. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. Skyworks Solutions has a 1 year low of $82.13 and a 1 year high of $120.86. The firm has a fifty day moving average price of $96.17 and a 200-day moving average price of $100.61. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.73% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $1.95 EPS. Skyworks Solutions's quarterly revenue was down 15.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Skyworks Solutions will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Robert John Terry sold 1,821 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company's stock, valued at approximately $2,214,960.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Robert John Terry sold 1,821 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares of the company's stock, valued at approximately $2,214,960.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the company's stock in a transaction on 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 directly owns 37,203 shares of the company's stock, valued at $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 90 days, insiders sold 23,162 shares of company stock valued at $2,306,291. Insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Skyworks Solutions during the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new position in Skyworks Solutions in the 2nd quarter worth $27,000. Blue Trust Inc. raised its holdings in Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Investors Research Corp raised its holdings in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 213 shares in the last quarter. Finally, Matrix Trust Co bought a new position in Skyworks Solutions in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

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.