Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $83.78 Consensus Price Target from Analysts

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been given a consensus rating of “Reduce” by the twenty-two analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $83.78.

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reduced their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Morgan Stanley cut their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $62.00 in a research report on Thursday, February 6th.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $56.54 on Friday. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. The company has a market cap of $8.87 billion, a PE ratio of 17.34, a PEG ratio of 1.79 and a beta of 1.21. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $120.86. The business’s fifty day simple moving average is $65.28 and its 200-day simple moving average is $81.96.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results 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 12.60% and a net margin of 13.02%. Analysts expect that Skyworks Solutions will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Insider Activity at Skyworks Solutions

In other news, CEO Philip G. Brace purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of $66.13 per share, for a total transaction of $661,300.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of SWKS. Norges Bank purchased a new position in Skyworks Solutions in the fourth quarter valued at $228,646,000. Pzena Investment Management LLC boosted its position 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 acquiring an additional 1,536,289 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Skyworks Solutions by 4,364.4% in the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer’s stock valued at $126,072,000 after acquiring an additional 1,389,803 shares during the last quarter. Vulcan Value Partners LLC raised its position in shares of Skyworks Solutions by 29.2% during the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock worth $469,162,000 after acquiring an additional 1,194,782 shares in the last quarter. Finally, Barclays PLC lifted its stake in 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 purchasing an additional 949,407 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.