Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $83.78 Average Price Target from Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have been given a consensus rating of "Reduce" by the twenty-three research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $83.78.

SWKS has been the topic of several research analyst reports. Barclays dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, January 17th. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th. Craig Hallum dropped their target price on Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Finally, Susquehanna dropped their target price on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th.

Skyworks Solutions Stock Down 1.1 %

NASDAQ SWKS traded down $0.77 on Thursday, reaching $66.55. 1,161,282 shares of the stock traded hands, compared to its average volume of 3,314,255. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The company has a fifty day moving average price of $84.96 and a 200-day moving average price of $92.20. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.79 and a beta of 1.14. Skyworks Solutions has a 12 month low of $62.01 and a 12 month high of $120.86.

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

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.21%. The ex-dividend date is Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is 85.89%.

Hedge Funds Weigh In On Skyworks Solutions

Hedge funds have recently bought and sold shares of the business. Erste Asset Management GmbH purchased a new position in Skyworks Solutions during the third quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $29,000. Investors Research Corp lifted its position in shares of Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 213 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Skyworks Solutions in the fourth quarter valued at approximately $33,000. 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.