Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target at $83.78

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has received an average rating of "Reduce" from the twenty-two ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $83.78.

SWKS has been the subject of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Piper Sandler reduced their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Mizuho cut Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Argus lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th.

Skyworks Solutions Trading Down 0.4 %

SWKS stock traded down $0.21 during midday trading on Friday, reaching $57.51. 983,377 shares of the company traded hands, compared to its average volume of 2,800,337. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.79 and a beta of 1.21. Skyworks Solutions has a 52-week low of $47.93 and a 52-week high of $120.86. The business has a 50 day moving average of $64.69 and a 200-day moving average of $81.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94.

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Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results 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, sell-side analysts expect that Skyworks Solutions will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Monday, February 24th. Skyworks Solutions's dividend payout ratio is 85.89%.

Insider Buying and Selling

In other Skyworks Solutions news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds have recently modified their holdings of the business. Rowlandmiller & PARTNERS.ADV increased its holdings in Skyworks Solutions by 29.7% in the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 30,478 shares of the semiconductor manufacturer's stock valued at $1,970,000 after buying an additional 6,975 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Skyworks Solutions by 1,844.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 447,727 shares of the semiconductor manufacturer's stock worth $28,937,000 after buying an additional 424,698 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Skyworks Solutions by 20.9% during the 1st quarter. GAMMA Investing LLC now owns 3,947 shares of the semiconductor manufacturer's stock worth $255,000 after buying an additional 682 shares during the period. Yousif Capital Management LLC grew its position in Skyworks Solutions by 1.9% in the first quarter. Yousif Capital Management LLC now owns 21,578 shares of the semiconductor manufacturer's stock valued at $1,395,000 after acquiring an additional 402 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Skyworks Solutions during the 1st quarter worth about $397,000. 85.43% of the stock is owned by 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.