Skyworks Solutions (NASDAQ:SWKS) Downgraded by Argus to “Hold”

Argus cut shares of Skyworks Solutions (NASDAQ:SWKS) from a buy rating to a hold rating in a report released on Monday, MarketBeat Ratings reports.

Several other brokerages have also issued reports on SWKS. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Craig Hallum decreased their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, Loop Capital started coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Trading Down 1.6 %

NASDAQ:SWKS opened at $64.64 on Monday. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.45 and a beta of 1.14. Skyworks Solutions has a 1-year low of $62.01 and a 1-year high of $120.86. The business’s 50-day moving average price is $88.45 and its two-hundred day moving average price is $94.53. The company has a current ratio of 5.94, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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 13.02% and a return on equity of 12.60%. On average, equities analysts expect that Skyworks Solutions will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.33%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Hedge Funds Weigh In On Skyworks Solutions

Institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its holdings in shares of Skyworks Solutions by 37.5% during 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 period. Barclays PLC boosted its holdings in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after acquiring an additional 949,407 shares during the period. Wellington Management Group LLP grew its position in shares of Skyworks Solutions by 52.0% in the third quarter. Wellington Management Group LLP now owns 2,267,835 shares of the semiconductor manufacturer’s stock valued at $223,994,000 after purchasing an additional 775,470 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of Skyworks Solutions by 5,769.6% during the third quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock worth $71,708,000 after purchasing an additional 713,636 shares during the period. Finally, KBC Group NV lifted its holdings in Skyworks Solutions by 114.0% during the 4th quarter. KBC Group NV now owns 1,248,273 shares of the semiconductor manufacturer’s stock worth $110,697,000 after purchasing an additional 664,874 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

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.