Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) PT at $83.78

Skyworks Solutions, Inc. (NASDAQ:SWKS) has received an average rating of “Reduce” from the twenty-three ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $83.78.

SWKS has been the subject of a number of research analyst reports. Piper Sandler lowered their price objective on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group reduced their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $65.00 in a report on Thursday, February 6th. Stifel Nicolaus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their target price for the stock from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Citigroup increased their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th.

Insider Buying and Selling

In related news, CEO Philip G. Brace purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were purchased at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $661,300. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stephens Inc. AR raised its stake in Skyworks Solutions by 9.5% during the 4th quarter. Stephens Inc. AR now owns 4,284 shares of the semiconductor manufacturer’s stock worth $380,000 after acquiring an additional 372 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Skyworks Solutions by 126.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,289 shares of the semiconductor manufacturer’s stock worth $9,047,000 after purchasing an additional 57,146 shares during the last quarter. Barclays PLC grew its position in Skyworks Solutions by 96.4% during the 3rd quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock worth $191,023,000 after purchasing an additional 949,407 shares during the last quarter. Captrust Financial Advisors grew its position in Skyworks Solutions by 20.2% during the 3rd quarter. Captrust Financial Advisors now owns 36,603 shares of the semiconductor manufacturer’s stock worth $3,615,000 after purchasing an additional 6,151 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in Skyworks Solutions during the 3rd quarter worth $1,570,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $67.25 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The stock has a market capitalization of $10.81 billion, a P/E ratio of 20.63, a PEG ratio of 1.79 and a beta of 1.18. The company has a 50 day moving average price of $75.68 and a 200 day moving average price of $86.73. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data 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 return on equity of 12.60% and a net margin of 13.02%. Equities research analysts forecast that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.16%. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

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.