Skyworks Solutions (NASDAQ:SWKS) had its price target cut by Loop Capital to $92.00 in a report released on Thursday, The Fly reports. They currently have a buy rating on the semiconductor manufacturer’s stock.
SWKS has been the topic of a number of other reports. Barclays dropped their price objective on Skyworks Solutions from $120.00 to $105.00 and set an overweight rating on the stock in a research note on Tuesday, October 23rd. Morgan Stanley decreased their target price on Skyworks Solutions from $80.00 to $79.00 and set an underweight rating for the company in a research report on Wednesday, October 3rd. Craig Hallum decreased their target price on Skyworks Solutions from $120.00 to $105.00 and set a buy rating for the company in a research report on Friday, November 9th. B. Riley lowered Skyworks Solutions from a buy rating to a neutral rating and decreased their target price for the company from $105.00 to $89.00 in a research report on Friday, November 9th. Finally, BidaskClub raised Skyworks Solutions from a sell rating to a hold rating in a research report on Thursday, October 4th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $94.62.
Shares of NASDAQ:SWKS opened at $70.02 on Thursday. The stock has a market capitalization of $12.02 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. Skyworks Solutions has a 1 year low of $60.12 and a 1 year high of $115.98.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Monday, November 26th. Skyworks Solutions’s dividend payout ratio is currently 22.93%.
In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total transaction of $258,750.00. Following the completion of the sale, the director now directly owns 144,251 shares of the company’s stock, valued at approximately $12,441,648.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. First Hawaiian Bank increased its holdings in Skyworks Solutions by 251.9% during the 4th quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 340 shares in the last quarter. NEXT Financial Group Inc bought a new stake in Skyworks Solutions during the 3rd quarter worth approximately $108,000. Polaris Greystone Financial Group LLC increased its holdings in Skyworks Solutions by 4,813.3% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock worth $134,000 after purchasing an additional 1,444 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Skyworks Solutions during the 2nd quarter worth approximately $147,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in Skyworks Solutions during the 3rd quarter worth approximately $159,000. 80.53% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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