Skyworks Solutions (NASDAQ:SWKS) Reaches New 52-Week Low - Time to Sell?

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $60.01 and last traded at $60.62, with a volume of 453967 shares traded. The stock had previously closed at $64.80.

Analyst Ratings Changes

SWKS has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Argus downgraded shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.78.

Skyworks Solutions Price Performance

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 firm has a market capitalization of $8.15 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The business has a fifty day moving average of $69.28 and a 200-day moving average of $83.68.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's dividend payout ratio is currently 85.89%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Stephens Inc. AR boosted its position in shares of Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer's stock valued at $380,000 after purchasing an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Skyworks Solutions by 126.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer's stock worth $9,047,000 after buying an additional 57,146 shares during the last quarter. Barclays PLC increased its holdings in shares of Skyworks Solutions by 96.4% in the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer's stock valued at $191,023,000 after buying an additional 949,407 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions during the 4th quarter worth $29,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter worth $2,509,000. 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.