Skyworks Solutions (NASDAQ:SWKS) Price Target Lowered to $110.00 at Susquehanna

Skyworks Solutions (NASDAQ:SWKS) had its target price cut by Susquehanna from $125.00 to $110.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.

SWKS has been the topic of several other research reports. Craig Hallum increased their target price on Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Piper Sandler reissued a “neutral” rating and set a $115.00 price objective (up previously from $95.00) on shares of Skyworks Solutions in a report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird raised their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus target price of $111.65.

Skyworks Solutions Stock Down 1.8 %

SWKS stock opened at $96.81 on Monday. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $120.86. The stock has a fifty day moving average of $101.30 and a 200-day moving average of $101.78. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 4.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The firm had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company’s revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the company earned $1.50 earnings per share. As a group, equities research analysts predict that Skyworks Solutions will post 5.21 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.89%. Skyworks Solutions’s payout ratio is presently 57.73%.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carlos S. Bori sold 9,321 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,341 shares of company stock worth $2,142,110 over the last three months. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas bought a new position in Skyworks Solutions in the 1st quarter worth about $27,000. Rothschild Investment LLC purchased a new stake in Skyworks Solutions during the second quarter valued at $27,000. Innealta Capital LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $27,000. Access Investment Management LLC bought a new position in Skyworks Solutions in the first quarter worth approximately $31,000. Finally, Blue Trust Inc. raised its holdings in Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.