Skyworks Solutions (NASDAQ:SWKS) Price Target Cut to $150.00 by Analysts at Mizuho

Skyworks Solutions (NASDAQ:SWKSGet Rating) had its price objective cut by Mizuho from $170.00 to $150.00 in a research note issued to investors on Tuesday morning, The Fly reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Several other analysts have also commented on SWKS. Barclays reduced their price target on shares of 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. Craig Hallum cut their target price on Skyworks Solutions from $220.00 to $180.00 in a research report on Wednesday, May 4th. KeyCorp cut their target price on Skyworks Solutions from $225.00 to $175.00 and set an overweight rating on the stock in a research report on Tuesday, April 12th. UBS Group cut their target price on Skyworks Solutions from $145.00 to $133.00 in a research report on Wednesday, May 4th. Finally, Piper Sandler cut their target price on Skyworks Solutions from $190.00 to $145.00 in a research report on Tuesday, May 3rd. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $172.64.

SWKS stock opened at $94.27 on Tuesday. The firm has a market cap of $15.17 billion, a PE ratio of 11.45, a PEG ratio of 0.74 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.65 and a current ratio of 3.98. The firm’s 50 day moving average price is $105.79 and its 200-day moving average price is $129.32. Skyworks Solutions has a one year low of $88.76 and a one year high of $197.62.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 EPS for the quarter, beating the consensus estimate of $2.23 by $0.06. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.03 EPS. Equities research analysts predict that Skyworks Solutions will post 9.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 24th were paid a $0.56 dividend. The ex-dividend date was Monday, May 23rd. This represents a $2.24 annualized dividend and a yield of 2.38%. Skyworks Solutions’s dividend payout ratio is presently 27.22%.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SWKS. Norges Bank acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth about $251,234,000. Vulcan Value Partners LLC boosted its stake in shares of Skyworks Solutions by 32.5% during the fourth quarter. Vulcan Value Partners LLC now owns 5,499,257 shares of the semiconductor manufacturer’s stock worth $853,155,000 after buying an additional 1,348,943 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Skyworks Solutions by 23.1% during the fourth quarter. Lazard Asset Management LLC now owns 2,671,151 shares of the semiconductor manufacturer’s stock worth $414,401,000 after buying an additional 501,084 shares during the period. First Trust Advisors LP boosted its stake in shares of Skyworks Solutions by 23.2% during the fourth quarter. First Trust Advisors LP now owns 2,037,527 shares of the semiconductor manufacturer’s stock worth $316,102,000 after buying an additional 383,342 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Skyworks Solutions by 43.2% during the first quarter. Van ECK Associates Corp now owns 1,171,723 shares of the semiconductor manufacturer’s stock worth $156,167,000 after buying an additional 353,682 shares during the period. Institutional investors and hedge funds 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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