Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target at $83.78

Skyworks Solutions, Inc. (NASDAQ:SWKS) has earned an average rating of “Reduce” from the twenty-three research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $83.78.

Several research firms recently commented on SWKS. Barclays cut their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. B. Riley downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Bank of America decreased their target price on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating on the stock in a report on Thursday, February 6th. Citigroup boosted their target price on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Finally, Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, February 6th.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors have recently made changes to their positions in the company. Erste Asset Management GmbH acquired a new position in Skyworks Solutions in the third quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in Skyworks Solutions in the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the 4th quarter worth $29,000. Picton Mahoney Asset Management bought a new position in shares of Skyworks Solutions during the 4th quarter valued at $33,000. Finally, Investors Research Corp raised its holdings in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

SWKS opened at $66.78 on Thursday. 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 $83.07 and its 200 day moving average price is $91.21. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week 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%. As a group, sell-side analysts expect that Skyworks Solutions will post 3.7 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.19%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is currently 85.89%.

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.