UBS Group Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $58.00

Skyworks Solutions (NASDAQ:SWKSFree Report) had its price target reduced by UBS Group from $63.00 to $58.00 in a report published on Wednesday morning,MarketScreener reports. UBS Group currently has a neutral rating on the semiconductor manufacturer’s stock.

Other research analysts have also recently issued research reports about the stock. BNP Paribas Exane reduced their price target on shares of Skyworks Solutions from $73.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Cfra Research raised shares of Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada assumed coverage on Skyworks Solutions in a report on Wednesday, January 14th. They set a “sector perform” rating and a $65.00 target price for the company. Craig Hallum cut their price target on Skyworks Solutions from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $65.00 price objective (down from $72.00) on shares of Skyworks Solutions in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.50.

Get Our Latest Stock Report on SWKS

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $62.10 on Wednesday. The stock’s fifty day simple moving average is $62.63 and its 200 day simple moving average is $69.40. The company has a current ratio of 2.46, a quick ratio of 1.76 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $9.31 billion, a PE ratio of 23.88 and a beta of 1.33. Skyworks Solutions has a 12 month low of $47.93 and a 12 month high of $90.90.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. Skyworks Solutions had a return on equity of 11.72% and a net margin of 9.73%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $999.02 million. During the same period in the prior year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. On average, research analysts predict that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 24th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, February 24th. Skyworks Solutions’s dividend payout ratio is presently 109.23%.

Insider Buying and Selling at Skyworks Solutions

In related news, EVP Reza Kasnavi sold 7,332 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $62.26, for a total transaction of $456,490.32. Following the transaction, the executive vice president directly owned 26,087 shares in the company, valued at approximately $1,624,176.62. The trade was a 21.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 4,945 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $62.28, for a total transaction of $307,974.60. Following the completion of the sale, the senior vice president owned 19,824 shares of the company’s stock, valued at approximately $1,234,638.72. This represents a 19.96% decrease in their position. The SEC filing for this sale provides additional information. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of SWKS. AE Wealth Management LLC increased its stake in Skyworks Solutions by 7.8% in the third quarter. AE Wealth Management LLC now owns 193,525 shares of the semiconductor manufacturer’s stock valued at $14,898,000 after acquiring an additional 14,007 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at $12,155,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Skyworks Solutions by 26.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 671,970 shares of the semiconductor manufacturer’s stock valued at $51,728,000 after purchasing an additional 142,600 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Skyworks Solutions by 102.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 79,771 shares of the semiconductor manufacturer’s stock valued at $6,141,000 after purchasing an additional 40,390 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Skyworks Solutions by 33.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 71,943 shares of the semiconductor manufacturer’s stock worth $5,538,000 after buying an additional 17,874 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Key Headlines Impacting Skyworks Solutions

Here are the key news stories impacting Skyworks Solutions this week:

Skyworks Solutions Company Profile

(Get Free Report)

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

Further Reading

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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