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

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have received an average rating of “Reduce” from the twenty-three analysts that are currently covering the company, Marketbeat Ratings reports. 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 company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $83.78.

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Citigroup increased their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Bank of America reduced their price target on shares of Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th.

Skyworks Solutions Stock Down 1.7 %

Skyworks Solutions stock opened at $67.25 on Monday. The stock has a market cap of $10.81 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a twelve month low of $62.01 and a twelve month high of $120.86. The company’s 50-day moving average price is $75.68 and its two-hundred day moving average price is $86.51.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (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%. As a group, analysts expect that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace purchased 10,000 shares of Skyworks Solutions stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

A number of large investors have recently bought and sold shares of SWKS. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions in the third quarter worth $27,000. Golden State Wealth Management LLC acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at about $29,000. Picton Mahoney Asset Management acquired a new position in shares of Skyworks Solutions during the fourth quarter valued at about $33,000. Finally, Investors Research Corp grew its holdings in shares of Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.