Susquehanna Lowers Skyworks Solutions (NASDAQ:SWKS) Price Target to $100.00

Skyworks Solutions (NASDAQ:SWKS - Free Report) had its target price lowered by Susquehanna from $110.00 to $100.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the semiconductor manufacturer's stock.

A number of other brokerages have also recently commented on SWKS. Robert W. Baird lifted their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. TD Cowen lifted their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a "hold" rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Skyworks Solutions currently has a consensus rating of "Hold" and an average price target of $101.59.

Skyworks Solutions Stock Down 4.5 %

Shares of NASDAQ:SWKS traded down $3.95 during trading on Wednesday, reaching $83.09. 5,650,237 shares of the stock traded hands, compared to its average volume of 2,376,427. The stock has a 50-day moving average of $96.17 and a two-hundred day moving average of $100.61. Skyworks Solutions has a 52-week low of $82.13 and a 52-week high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The stock has a market cap of $13.27 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21.

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 for the quarter, beating the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.73%. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the company posted $1.95 earnings per share. Skyworks Solutions's quarterly revenue was down 15.9% on a year-over-year basis. As a group, sell-side analysts expect that Skyworks Solutions will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.37%. Skyworks Solutions's dividend payout ratio is presently 75.68%.

Insider Activity

In other news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the sale, the senior vice president now 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 can be accessed through the SEC website. In other news, SVP Reza Kasnavi sold 1,843 shares of the firm's stock in a transaction on Friday, August 16th. The shares were 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 owns 17,455 shares in the company, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares of the company's stock, valued at $2,214,960.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,162 shares of company stock worth $2,306,291 over the last three months. 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 SWKS. Sequoia Financial Advisors LLC lifted its position in Skyworks Solutions by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer's stock valued at $239,000 after buying an additional 87 shares in the last quarter. AlphaMark Advisors LLC increased its stake in Skyworks Solutions by 14.8% during the second quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer's stock valued at $83,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Skyworks Solutions by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer's stock valued at $1,468,000 after acquiring an additional 100 shares during the period. Zega Financial LLC boosted its holdings in shares of Skyworks Solutions by 5.0% during the second quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer's stock valued at $224,000 after acquiring an additional 100 shares during the period. Finally, Elo Mutual Pension Insurance Co boosted its holdings in shares of 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 acquiring an additional 107 shares during the period. Hedge funds and other institutional investors 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.