UBS Group Issues Pessimistic Forecast for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Skyworks Solutions (NASDAQ:SWKS) had its target price cut by UBS Group from $70.00 to $65.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.

Several other research firms also recently commented on SWKS. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Morgan Stanley dropped their price target on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Mizuho downgraded Skyworks Solutions from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Finally, Bank of America reduced their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $79.29.

Skyworks Solutions Trading Up 1.5 %

Shares of SWKS stock opened at $65.23 on Tuesday. 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 firm has a market cap of $10.23 billion, a P/E ratio of 20.01, a PEG ratio of 1.79 and a beta of 1.21. The company has a 50 day moving average of $62.96 and a 200-day moving average of $78.53. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released 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%. Sell-side analysts anticipate that Skyworks Solutions will post 3.7 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions’s dividend payout ratio is currently 85.89%.

Insiders Place Their Bets

In related news, CEO Philip G. Brace acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of $66.13 per share, with a total value of $661,300.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Skyworks Solutions by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 20,341,842 shares of the semiconductor manufacturer’s stock worth $1,803,915,000 after purchasing an additional 562,783 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Skyworks Solutions by 37.5% in the fourth quarter. Pzena Investment Management LLC now owns 5,630,049 shares of the semiconductor manufacturer’s stock worth $499,273,000 after buying an additional 1,536,289 shares in the last quarter. Vulcan Value Partners LLC grew its position in Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock valued at $469,162,000 after acquiring an additional 1,194,782 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Skyworks Solutions by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,098,497 shares of the semiconductor manufacturer’s stock worth $452,135,000 after acquiring an additional 267,343 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Skyworks Solutions by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer’s stock worth $372,727,000 after acquiring an additional 63,216 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

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.