Barclays Has Lowered Expectations for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Skyworks Solutions (NASDAQ:SWKS) had its target price reduced by Barclays from $87.00 to $80.00 in a report released on Wednesday morning,Benzinga reports. Barclays currently has an underweight rating on the semiconductor manufacturer’s stock.

A number of other equities analysts also recently issued reports on SWKS. Susquehanna lowered their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Loop Capital started coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price target for the company. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday. Finally, Morgan Stanley dropped their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $101.00.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $83.69 on Wednesday. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. The stock has a fifty day moving average of $95.14 and a 200 day moving average of $100.16. Skyworks Solutions has a 52 week low of $82.13 and a 52 week high of $120.86. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted $1.95 EPS. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. As a group, research analysts expect that Skyworks Solutions will post 5.39 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock worth $3,034,265 in the last ninety days. Insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWKS. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions during the 2nd quarter worth $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions in the 2nd quarter worth $27,000. Erste Asset Management GmbH bought a new position in Skyworks Solutions in the 3rd quarter worth $27,000. Investors Research Corp lifted its position in 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares during the period. 85.43% of the stock is owned by hedge funds and other 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.