Rosenblatt Securities Reiterates “Neutral” Rating for Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “neutral” rating restated by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $80.00 price target on the semiconductor manufacturer’s stock, down from their prior price target of $120.00. Rosenblatt Securities’ target price points to a potential upside of 21.78% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. B. Riley cut Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $65.00 in a report on Thursday. Susquehanna cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Morgan Stanley decreased their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Finally, Loop Capital assumed coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

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

Skyworks Solutions (NASDAQ:SWKS) last announced 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%. On average, equities analysts forecast that Skyworks Solutions will post 4.45 earnings per share for the current year.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred 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 sale, the senior vice president now owns 15,960 shares of the company’s stock, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SWKS. Wealthfront Advisers LLC increased its position in Skyworks Solutions by 135.2% in the fourth quarter. Wealthfront Advisers LLC now owns 42,398 shares of the semiconductor manufacturer’s stock worth $3,760,000 after purchasing an additional 24,374 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Skyworks Solutions by 42.3% in the 4th quarter. Inspire Advisors LLC now owns 14,538 shares of the semiconductor manufacturer’s stock worth $1,289,000 after buying an additional 4,323 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Skyworks Solutions by 37.5% in the 4th quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after buying an additional 1,536,289 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Skyworks Solutions by 74.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,259 shares of the semiconductor manufacturer’s stock valued at $7,649,000 after buying an additional 36,781 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of Skyworks Solutions by 246.4% in the 4th quarter. AlphaQuest LLC now owns 1,434 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 1,020 shares during the last quarter. 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.