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

Skyworks Solutions (NASDAQ:SWKS) had its price target decreased by Craig Hallum from $140.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. Craig Hallum currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other research analysts also recently commented on SWKS. Susquehanna lowered 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. Rosenblatt Securities increased their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Stock Down 0.4 %

Shares of SWKS stock opened at $83.69 on Wednesday. The company’s fifty day simple moving average is $95.14 and its two-hundred day simple moving average is $100.16. Skyworks Solutions has a 52 week low of $82.13 and a 52 week high of $120.86. The stock has a market cap of $13.37 billion, a P/E ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. 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 issued its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. The business’s revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 earnings per share. Analysts predict that Skyworks Solutions will post 5.39 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

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

Insider Activity at Skyworks Solutions

In related news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction that occurred on 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 approximately $2,638,548.38. This trade represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock worth $3,034,265 in the last 90 days. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in Skyworks Solutions by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after buying an additional 28,009 shares in the last quarter. Resources Management Corp CT ADV raised its position in shares of Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after acquiring an additional 142 shares in the last quarter. Guardian Wealth Management Inc. lifted its stake in shares of Skyworks Solutions by 1.7% during the 3rd quarter. Guardian Wealth Management Inc. now owns 10,228 shares of the semiconductor manufacturer’s stock worth $1,010,000 after purchasing an additional 171 shares during the last quarter. Barclays PLC boosted its position in Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after purchasing an additional 949,407 shares in the last quarter. Finally, Harvest Investment Advisors LLC raised its holdings in Skyworks Solutions by 14.1% in the third quarter. Harvest Investment Advisors LLC now owns 15,739 shares of the semiconductor manufacturer’s stock worth $1,555,000 after purchasing an additional 1,940 shares in the last quarter. Institutional investors 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.