Benchmark Lowers Skyworks Solutions (NASDAQ:SWKS) to Hold

Skyworks Solutions (NASDAQ:SWKS) was downgraded by research analysts at Benchmark from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports.

SWKS has been the topic of several other research reports. Susquehanna reaffirmed a “neutral” rating and issued a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday. TD Cowen downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $90.00 in a report on Wednesday. B. Riley upped their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $108.86.

Skyworks Solutions Stock Down 0.6 %

SWKS stock opened at $89.72 on Wednesday. The company has a market cap of $14.38 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.67 and a beta of 1.35. Skyworks Solutions has a 52 week low of $85.06 and a 52 week high of $115.69. The company’s 50-day moving average price is $103.94 and its 200 day moving average price is $101.91. The company has a current ratio of 2.79, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, research analysts expect that Skyworks Solutions will post 5.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

Several large investors have recently made changes to their positions in the business. HB Wealth Management LLC increased its position in shares of Skyworks Solutions by 3.0% in the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after acquiring an additional 94 shares in the last quarter. Safeguard Investment Advisory Group LLC increased its position in shares of Skyworks Solutions by 0.6% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after acquiring an additional 99 shares in the last quarter. Albert D Mason Inc. increased its position in shares of Skyworks Solutions by 0.7% in the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock worth $1,581,000 after acquiring an additional 99 shares in the last quarter. John G Ullman & Associates Inc. increased its position in shares of Skyworks Solutions by 3.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 100 shares in the last quarter. Finally, Lcnb Corp increased its position in shares of Skyworks Solutions by 2.4% in the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $490,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.