Skyworks Solutions (NASDAQ:SWKS) Rating Lowered to Neutral at Mizuho

Skyworks Solutions (NASDAQ:SWKS) was downgraded by research analysts at Mizuho from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $62.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $105.00. Mizuho’s target price indicates a potential downside of 5.62% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley cut their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $65.00 in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Finally, Benchmark restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $65.69 on Thursday. The stock has a market cap of $10.56 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. Skyworks Solutions has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $88.93 and a 200-day simple moving average of $95.15.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Skyworks Solutions will post 4.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction on Monday, November 11th. The shares were 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 $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SWKS. Erste Asset Management GmbH bought a new position in Skyworks Solutions during the third quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $29,000. Investors Research Corp increased its position in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the period. Finally, Matrix Trust Co acquired a new position in shares of Skyworks Solutions in the third quarter valued at $39,000. Institutional investors and hedge funds 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.