Argus Downgrades Skyworks Solutions (NASDAQ:SWKS) to Hold

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) was downgraded by equities researchers at Argus from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports.

A number of other equities research analysts have also weighed in on SWKS. Bank of America reduced their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Piper Sandler dropped their price objective on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a report on Thursday, February 6th. Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, B. Riley downgraded Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $83.78.

Skyworks Solutions Stock Down 0.1 %

NASDAQ:SWKS traded down $0.04 during midday trading on Monday, reaching $66.15. The company had a trading volume of 1,922,281 shares, compared to its average volume of 3,405,793. The stock's fifty day simple moving average is $87.57 and its 200-day simple moving average is $93.97. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12-month low of $62.01 and a 12-month high of $120.86. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 20.29, 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 EPS for the quarter, missing analysts' consensus estimates 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 anticipate that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at $27,000. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions during the fourth quarter worth about $33,000. Finally, Investors Research Corp boosted 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 worth $34,000 after buying an additional 213 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

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.