Skyworks Solutions (NASDAQ:SWKS) Price Target Cut to $70.00 by Analysts at The Goldman Sachs Group

Skyworks Solutions (NASDAQ:SWKS - Free Report) had its target price decreased by The Goldman Sachs Group from $92.00 to $70.00 in a research report sent to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the semiconductor manufacturer's stock.

A number of other research analysts have also recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research report on Thursday. Barclays decreased their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating for the company in a research note on Friday, January 17th. Citigroup raised their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Finally, Loop Capital initiated coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a "hold" rating and a $90.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $83.78.

Skyworks Solutions Trading Down 1.6 %

Shares of SWKS stock traded down $1.05 during mid-day trading on Thursday, hitting $64.64. 4,852,190 shares of the company's stock were exchanged, compared to its average volume of 3,502,060. The stock has a 50-day simple moving average of $88.45 and a two-hundred day simple moving average of $94.53. The company has a quick ratio of 4.24, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts expect that Skyworks Solutions will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions's dividend payout ratio (DPR) is presently 85.89%.

Institutional Trading of Skyworks Solutions

A number of large investors have recently added to or reduced their stakes in SWKS. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions during the 3rd quarter worth $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions in the 4th quarter worth approximately $33,000. Finally, Investors Research Corp boosted its stake in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock worth $34,000 after purchasing an additional 213 shares during the period. 85.43% of the stock is currently owned by institutional investors.

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.