Mizuho Lowers Skyworks Solutions (NASDAQ:SWKS) Price Target to $105.00

Skyworks Solutions (NASDAQ:SWKS - Free Report) had its price objective lowered by Mizuho from $127.00 to $105.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor manufacturer's stock.

SWKS has been the topic of a number of other research reports. Rosenblatt Securities lifted their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Craig Hallum boosted their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Piper Sandler cut their price objective on Skyworks Solutions from $115.00 to $95.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Stifel Nicolaus boosted 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, Bank of America boosted their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the company an "underperform" rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $101.59.

Skyworks Solutions Stock Down 4.4 %

Skyworks Solutions stock traded down $3.86 during midday trading on Wednesday, reaching $83.18. The company's stock had a trading volume of 5,655,395 shares, compared to its average volume of 2,376,450. Skyworks Solutions has a 52-week low of $82.13 and a 52-week high of $120.86. The stock has a market capitalization of $13.29 billion, a P/E ratio of 22.62, a PEG ratio of 3.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. The stock's 50-day simple moving average is $96.17 and its 200-day simple moving average is $100.61.

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

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.37%. Skyworks Solutions's dividend payout ratio is currently 75.68%.

Insider Buying and Selling

In other Skyworks Solutions news, 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 transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction 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 completion of the transaction, the senior vice president now owns 27,026 shares of the company's stock, valued at $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares of the company's stock, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,162 shares of company stock worth $2,306,291 in the last 90 days. Company insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds have recently added to or reduced their stakes in SWKS. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Skyworks Solutions by 8.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,652 shares of the semiconductor manufacturer's stock valued at $937,000 after acquiring an additional 658 shares during the period. Sei Investments Co. lifted its holdings in Skyworks Solutions by 49.1% in the first quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer's stock worth $19,451,000 after purchasing an additional 59,145 shares during the period. US Bancorp DE lifted its holdings in Skyworks Solutions by 6.8% in the first quarter. US Bancorp DE now owns 46,768 shares of the semiconductor manufacturer's stock worth $5,066,000 after purchasing an additional 2,970 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Skyworks Solutions by 28.4% in the first quarter. Avantax Advisory Services Inc. now owns 5,336 shares of the semiconductor manufacturer's stock worth $578,000 after purchasing an additional 1,179 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in Skyworks Solutions by 7.9% in the first quarter. Bleakley Financial Group LLC now owns 1,992 shares of the semiconductor manufacturer's stock worth $216,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

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.