Skyworks Solutions (NASDAQ:SWKS) Downgraded by TheStreet to C+

TheStreet downgraded shares of Skyworks Solutions (NASDAQ:SWKSGet Rating) from a b- rating to a c+ rating in a research report report published on Tuesday, TheStreetRatingsTable reports.

A number of other research firms also recently weighed in on SWKS. Barclays decreased their target price on Skyworks Solutions from $160.00 to $140.00 and set an equal weight rating on the stock in a research report on Monday, April 25th. UBS Group reduced their target price on Skyworks Solutions from $145.00 to $133.00 in a report on Wednesday, May 4th. Susquehanna dropped their price objective on shares of Skyworks Solutions from $160.00 to $135.00 in a research report on Wednesday, May 4th. Wells Fargo & Company dropped their price objective on shares of Skyworks Solutions from $195.00 to $160.00 in a research report on Wednesday, May 4th. Finally, Piper Sandler dropped their target price on shares of Skyworks Solutions from $190.00 to $145.00 in a research report on Tuesday, May 3rd. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of Hold and an average target price of $172.64.

SWKS opened at $92.34 on Tuesday. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.71 and a beta of 1.13. Skyworks Solutions has a 1 year low of $88.76 and a 1 year high of $197.62. The company has a current ratio of 3.98, a quick ratio of 2.65 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $106.26 and a 200 day moving average price of $129.72.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.06. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Skyworks Solutions had a return on equity of 30.60% and a net margin of 25.98%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 earnings per share. As a group, sell-side analysts forecast that Skyworks Solutions will post 9.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 14th. Investors of record on Tuesday, May 24th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, May 23rd. This represents a $2.24 annualized dividend and a dividend yield of 2.43%. Skyworks Solutions’s payout ratio is 27.22%.

In other news, CEO Liam Griffin sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total transaction of $1,400,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in Skyworks Solutions by 1,750.0% in the first quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 175 shares during the period. Lindbrook Capital LLC increased its holdings in Skyworks Solutions by 108.7% in the 4th quarter. Lindbrook Capital LLC now owns 192 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 100 shares during the period. IronBridge Private Wealth LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $32,000. Financial Management Professionals Inc. lifted its position in shares of Skyworks Solutions by 1,845.5% during the 1st quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 203 shares in the last quarter. Finally, Bank of New Hampshire purchased a new position in shares of Skyworks Solutions during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 72.09% of the company’s stock.

About Skyworks Solutions (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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