Skyworks Solutions (NASDAQ:SWKS) Given New $115.00 Price Target at Mizuho

Skyworks Solutions (NASDAQ:SWKS) had its price target reduced by Mizuho from $125.00 to $115.00 in a report published on Wednesday, Benzinga reports. Mizuho currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other research firms also recently issued reports on SWKS. Rosenblatt Securities dropped their target price on shares of Skyworks Solutions from $130.00 to $120.00 and set a buy rating for the company in a research report on Wednesday. Susquehanna reissued a neutral rating and issued a $90.00 price objective (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday. B. Riley raised their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a neutral rating in a research note on Wednesday, January 31st. TD Cowen cut shares of Skyworks Solutions from a buy rating to a hold rating and decreased their price target for the stock from $125.00 to $90.00 in a research report on Wednesday. Finally, Benchmark lowered Skyworks Solutions from a buy rating to a hold rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $109.05.

Skyworks Solutions Trading Down 15.3 %

SWKS stock opened at $90.30 on Wednesday. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.98 and a beta of 1.35. The business has a fifty day simple moving average of $104.21 and a 200-day simple moving average of $101.99. Skyworks Solutions has a 52 week low of $85.06 and a 52 week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 17.20% and a net margin of 18.85%. The firm’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 earnings per share. On average, equities research analysts expect that Skyworks Solutions will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.01%. Skyworks Solutions’s payout ratio is 51.13%.

Institutional Trading of Skyworks Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of SWKS. Pzena Investment Management LLC acquired a new stake in Skyworks Solutions during the fourth quarter worth about $302,309,000. Norges Bank acquired a new stake in shares of Skyworks Solutions during the 4th quarter worth approximately $226,266,000. Pacer Advisors Inc. lifted its holdings in shares of Skyworks Solutions by 40.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after purchasing an additional 465,223 shares during the last quarter. KBC Group NV boosted its position in Skyworks Solutions by 2,156.7% during the 4th quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock valued at $49,506,000 after purchasing an additional 420,858 shares during the period. Finally, AQR Capital Management LLC boosted its position in Skyworks Solutions by 42.0% during the 3rd quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock valued at $112,951,000 after purchasing an additional 338,838 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

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.