Skyworks Solutions (NASDAQ:SWKS) Given New $112.00 Price Target at Stifel Nicolaus

Skyworks Solutions (NASDAQ:SWKS) had its price target cut by Stifel Nicolaus from $122.00 to $112.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Several other equities research analysts have also weighed in on SWKS. KeyCorp lowered Skyworks Solutions from an overweight rating to a sector weight rating in a research note on Monday, April 8th. Rosenblatt Securities lowered their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set a buy rating on the stock in a report on Wednesday. Piper Sandler reiterated a neutral rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. StockNews.com cut Skyworks Solutions from a buy rating to a hold rating in a research report on Friday, March 29th. Finally, Susquehanna reiterated a neutral rating and issued a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $108.86.

Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $92.51 on Wednesday. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 3.88 and a beta of 1.35. Skyworks Solutions has a 1-year low of $85.06 and a 1-year high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $103.41 and its 200-day simple moving average is $101.80.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 51.13%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost 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 in the company, valued at approximately $9,373,770. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC purchased a new stake in Skyworks Solutions in the fourth quarter valued at approximately $302,309,000. Norges Bank purchased a new stake in Skyworks Solutions during the 4th quarter worth $226,266,000. Pacer Advisors Inc. increased its stake in shares of Skyworks Solutions by 40.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after buying an additional 465,223 shares during the last quarter. KBC Group NV increased its holdings in shares of Skyworks Solutions by 2,156.7% in the 4th quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock valued at $49,506,000 after acquiring an additional 420,858 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Skyworks Solutions by 42.0% in the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock valued at $112,951,000 after acquiring an additional 338,838 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

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.