Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Consensus Rating of “Reduce” from Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been given a consensus recommendation of “Reduce” by the twenty research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $78.29.

SWKS has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Bank of America decreased their price objective on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday, February 6th.

Skyworks Solutions Trading Down 1.3%

Shares of NASDAQ:SWKS opened at $68.58 on Friday. The stock has a 50 day moving average of $63.73 and a 200 day moving average of $75.19. The company has a market cap of $10.30 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The company had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period in the previous year, the company posted $1.55 EPS. The firm’s revenue was down 8.9% on a year-over-year basis. As a group, equities research analysts expect that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 27th. This represents a $2.80 annualized dividend and a yield of 4.08%. Skyworks Solutions’s payout ratio is presently 109.80%.

Institutional Trading of Skyworks Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobi Capital Management LLC raised its holdings in Skyworks Solutions by 32.4% during the 1st quarter. Jacobi Capital Management LLC now owns 6,080 shares of the semiconductor manufacturer’s stock valued at $393,000 after buying an additional 1,489 shares during the period. Focus Partners Wealth grew its position in Skyworks Solutions by 99.0% in the 1st quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer’s stock valued at $611,000 after acquiring an additional 4,702 shares during the last quarter. Bayforest Capital Ltd grew its position in Skyworks Solutions by 138.1% in the 1st quarter. Bayforest Capital Ltd now owns 7,511 shares of the semiconductor manufacturer’s stock valued at $485,000 after acquiring an additional 4,356 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Skyworks Solutions by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,202,049 shares of the semiconductor manufacturer’s stock valued at $77,688,000 after acquiring an additional 24,304 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Skyworks Solutions by 2.1% in the 1st quarter. Empowered Funds LLC now owns 53,728 shares of the semiconductor manufacturer’s stock valued at $3,472,000 after acquiring an additional 1,119 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.