Benchmark Reiterates “Hold” Rating for Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “hold” rating restated by equities researchers at Benchmark in a report issued on Thursday,Benzinga reports.

A number of other analysts have also recently commented on the company. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $65.00 in a research report on Thursday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Finally, Citigroup increased their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $65.69 on Thursday. The firm’s 50-day moving average price is $88.93 and its 200-day moving average price is $95.15. Skyworks Solutions has a 52-week low of $62.01 and a 52-week high of $120.86. The company has a market cap of $10.56 billion, a PE ratio of 17.75, a PEG ratio of 1.96 and a beta of 1.14. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results 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 return on equity of 13.71% and a net margin of 14.27%. As a group, analysts anticipate that Skyworks Solutions will post 4.45 EPS for the current year.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Trading of Skyworks Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions during the third quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in Skyworks Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new position in Skyworks Solutions during the 4th quarter valued at approximately $29,000. Investors Research Corp increased its stake in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the last quarter. Finally, Matrix Trust Co purchased a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $39,000. 85.43% of the stock is currently 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.