Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Average Recommendation of “Reduce” by Brokerages

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been given a consensus rating of “Reduce” by the twenty-three ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $83.78.

A number of equities research analysts have weighed in on SWKS shares. Morgan Stanley reduced their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Argus lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Finally, Citigroup lifted their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a report on Friday, January 10th.

Skyworks Solutions Stock Down 1.0 %

SWKS stock opened at $66.53 on Thursday. Skyworks Solutions has a 52 week low of $62.01 and a 52 week high of $120.86. The business has a 50-day simple moving average of $84.00 and a 200 day simple moving average of $91.63. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. The company has a market cap of $10.69 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Sell-side analysts anticipate that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s payout ratio is presently 85.89%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions during the third quarter worth $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions during the fourth quarter valued at $29,000. Picton Mahoney Asset Management acquired a new stake in Skyworks Solutions during the 4th quarter worth about $33,000. Finally, Investors Research Corp raised its position in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares in the last quarter. 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.