Skyworks Solutions (NASDAQ:SWKS) Earns Hold Rating from Benchmark

Benchmark reissued their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS - Free Report) in a report published on Wednesday,Benzinga reports.

A number of other equities analysts have also recently weighed in on SWKS. Susquehanna dropped their price target on Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Loop Capital initiated coverage on Skyworks Solutions in a report on Monday. They set a "hold" rating and a $90.00 price objective for the company. The Goldman Sachs Group raised Skyworks Solutions to a "hold" rating in a research report on Wednesday, July 31st. Finally, B. Riley reduced their price target on Skyworks Solutions from $140.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $101.59.

Skyworks Solutions Trading Down 4.4 %

NASDAQ:SWKS traded down $3.86 on Wednesday, reaching $83.18. The stock had a trading volume of 5,655,395 shares, compared to its average volume of 2,376,450. The firm's fifty day moving average is $96.17 and its two-hundred day moving average is $100.61. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 3.95 and a beta of 1.21. Skyworks Solutions has a 12-month low of $82.13 and a 12-month high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

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

Skyworks Solutions Announces Dividend

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

Insider Activity

In other news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares of the company's stock, valued at $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares of the company's stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the 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 transaction, the senior vice president now directly owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,162 shares of company stock worth $2,306,291. Insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On Skyworks Solutions

A number of large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its position in shares of Skyworks Solutions by 4.0% in the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer's stock worth $239,000 after buying an additional 87 shares in the last quarter. AlphaMark Advisors LLC raised its position in shares of Skyworks Solutions by 14.8% in the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer's stock worth $83,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Skyworks Solutions by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer's stock worth $1,468,000 after buying an additional 100 shares in the last quarter. Zega Financial LLC raised its position in shares of Skyworks Solutions by 5.0% in the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer's stock worth $224,000 after buying an additional 100 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its position in Skyworks Solutions by 0.7% during the second quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer's stock valued at $1,569,000 after purchasing an additional 107 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

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.