Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Consensus Recommendation of "Hold" by Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have received an average rating of "Hold" from the twenty-two ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $101.00.

SWKS has been the subject of a number of analyst reports. Loop Capital initiated coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a "hold" rating and a $90.00 price target for the company. Craig Hallum cut their target price on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Mizuho decreased their price target on Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. JPMorgan Chase & Co. cut their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, November 13th. Finally, Susquehanna decreased their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th.

Insider Activity

In other news, SVP Carlos S. Bori sold 10,177 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares in the company, valued at approximately $2,638,548.38. This trade represents a 27.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now directly owns 24,567 shares in the company, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,520 shares of company stock valued at $2,083,803. Corporate insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On Skyworks Solutions

Large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Skyworks Solutions in the 2nd quarter worth approximately $27,000. Erste Asset Management GmbH bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $27,000. Investors Research Corp lifted its stake in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after acquiring an additional 213 shares during the period. Matrix Trust Co bought a new stake in Skyworks Solutions in the third quarter valued at $39,000. Finally, Valley Wealth Managers Inc. purchased a new position in Skyworks Solutions during the 3rd quarter valued at $40,000. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

Skyworks Solutions stock traded up $0.26 during midday trading on Wednesday, reaching $88.68. The stock had a trading volume of 1,559,568 shares, compared to its average volume of 2,385,350. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.18 billion, a PE ratio of 23.97, a P/E/G ratio of 2.01 and a beta of 1.19. Skyworks Solutions has a 12 month low of $82.13 and a 12 month high of $120.86. The firm's 50-day moving average price is $88.74 and its 200 day moving average price is $98.98.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The company's quarterly revenue was down 15.9% compared to the same quarter last year. As a group, research analysts predict that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

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.