Skyworks Solutions (NASDAQ:SWKS) Downgraded by Mizuho to “Neutral”

Mizuho downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from an outperform rating to a neutral rating in a research note released on Thursday, Marketbeat reports. They currently have $62.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $105.00.

Several other equities analysts have also recently issued reports on SWKS. Morgan Stanley reduced their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Loop Capital started coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price on the stock. Piper Sandler lowered their target price on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Craig Hallum reduced their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Trading Down 24.7 %

NASDAQ SWKS opened at $65.60 on Thursday. The stock has a market cap of $10.54 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The stock has a 50 day simple moving average of $89.37 and a two-hundred day simple moving average of $95.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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 13.71% and a net margin of 14.27%. On average, analysts forecast that Skyworks Solutions will post 4.45 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $2.80 annualized dividend and a yield of 4.27%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Skyworks Solutions during the 4th quarter valued at $7,947,000. Arizona State Retirement System increased its position in Skyworks Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 46,378 shares of the semiconductor manufacturer’s stock valued at $4,113,000 after acquiring an additional 410 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Skyworks Solutions in the fourth quarter valued at about $2,509,000. Seizert Capital Partners LLC boosted its position in Skyworks Solutions by 8.8% in the fourth quarter. Seizert Capital Partners LLC now owns 377,048 shares of the semiconductor manufacturer’s stock worth $33,437,000 after purchasing an additional 30,580 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Skyworks Solutions by 9.5% during the 4th quarter. M&T Bank Corp now owns 12,443 shares of the semiconductor manufacturer’s stock valued at $1,104,000 after purchasing an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.