Skyworks Solutions (NASDAQ:SWKS) Reaches New 12-Month Low - What's Next?

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $47.93 and last traded at $49.20, with a volume of 6327940 shares trading hands. The stock had previously closed at $53.38.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SWKS. Mizuho downgraded shares of Skyworks Solutions from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Citigroup lifted their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a research note on Friday, January 10th. Piper Sandler dropped their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Morgan Stanley decreased their price objective on Skyworks Solutions from $87.00 to $72.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Argus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of "Hold" and a consensus price target of $83.78.

Skyworks Solutions Trading Up 2.9 %

The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73. The company's 50 day simple moving average is $65.28 and its 200 day simple moving average is $81.96.

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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 (EPS) for the quarter, missing the consensus estimate 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 expect that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.81%. Skyworks Solutions's payout ratio is currently 85.89%.

Insider Buying and Selling at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company's stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently added to or reduced their stakes in SWKS. Resonant Capital Advisors LLC grew its stake in Skyworks Solutions by 5.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 3,010 shares of the semiconductor manufacturer's stock worth $267,000 after buying an additional 143 shares during the last quarter. Savant Capital LLC increased its stake in shares of Skyworks Solutions by 5.0% in the 4th quarter. Savant Capital LLC now owns 3,052 shares of the semiconductor manufacturer's stock valued at $271,000 after buying an additional 144 shares during the period. Legacy Financial Advisors Inc. raised its holdings in Skyworks Solutions by 2.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock worth $566,000 after purchasing an additional 156 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Skyworks Solutions by 7.5% during the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock worth $209,000 after buying an additional 165 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Skyworks Solutions by 7.5% during the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock valued at $213,000 after acquiring an additional 167 shares during the last quarter. 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.