Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Consensus Recommendation of "Reduce" from Brokerages

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has received an average recommendation of "Reduce" from the twenty-three brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $83.78.

A number of analysts have recently weighed in on SWKS shares. Bank of America reduced their target price on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a research report on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $110.00 to $65.00 in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a "neutral" rating and set a $80.00 target price (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. The Goldman Sachs Group decreased their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, February 6th. Finally, Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $66.13 per share, for a total transaction 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. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions in the third quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions during the 4th quarter valued at about $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $33,000. Finally, Investors Research Corp boosted its position in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after buying an additional 213 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS traded up $1.18 during trading on Monday, hitting $70.58. 2,727,242 shares of the company were exchanged, compared to its average volume of 2,507,580. The company has a market capitalization of $11.35 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $77.92 and its 200-day moving average is $87.81. Skyworks Solutions has a 1-year low of $62.01 and a 1-year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities analysts forecast that Skyworks Solutions will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 3.97%. Skyworks Solutions's dividend payout ratio is 85.89%.

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.