Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Consensus Rating of “Reduce” by Brokerages

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

SWKS has been the topic of a number of research reports. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group dropped their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Barclays boosted their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th.

Institutional Investors Weigh In On Skyworks Solutions

Large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $29,000. Picton Mahoney Asset Management bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $33,000. Mattson Financial Services LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $37,000. Finally, Manchester Capital Management LLC increased its position in shares of Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after acquiring an additional 426 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $71.59 on Friday. The firm has a market cap of $10.75 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. Skyworks Solutions has a 12 month low of $47.93 and a 12 month high of $120.86. 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 company’s 50-day moving average price is $64.26 and its two-hundred day moving average price is $74.74.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. On average, equities analysts anticipate that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio is 109.80%.

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.