Piper Sandler Issues Pessimistic Forecast for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Skyworks Solutions (NASDAQ:SWKS) had its price objective lowered by investment analysts at Piper Sandler from $85.00 to $70.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor manufacturer’s stock. Piper Sandler’s price target points to a potential upside of 6.56% from the company’s current price.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Thursday. Citigroup boosted their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Finally, Susquehanna dropped their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $65.69 on Thursday. The firm’s 50 day simple moving average is $88.93 and its 200 day simple moving average is $95.15. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 1.96 and a beta of 1.14. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 1 year low of $62.01 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. As a group, research analysts expect that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Skyworks Solutions

Several institutional investors have recently made changes to their positions in the company. Unison Advisors LLC grew its stake in Skyworks Solutions by 0.6% in the 3rd quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock valued at $1,717,000 after purchasing an additional 110 shares during the period. Abich Financial Wealth Management LLC grew its position in Skyworks Solutions by 9.3% during the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock valued at $131,000 after buying an additional 112 shares during the period. UMB Bank n.a. grew its position in Skyworks Solutions by 8.7% during the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after buying an additional 115 shares during the period. Empirical Finance LLC increased its holdings in Skyworks Solutions by 2.2% during the third quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock worth $551,000 after buying an additional 121 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its position in Skyworks Solutions by 4.4% in the third quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock worth $314,000 after acquiring an additional 133 shares during the period. Institutional investors own 85.43% of the company’s stock.

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.