Skyworks Solutions (NASDAQ:SWKS) Given New $95.00 Price Target at Piper Sandler

Skyworks Solutions (NASDAQ:SWKS) had its price target lowered by research analysts at Piper Sandler from $105.00 to $95.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor manufacturer’s stock. Piper Sandler’s price objective points to a potential upside of 5.88% from the company’s previous close.

Several other equities analysts have also commented on SWKS. 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. Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating on the stock in a research note on Wednesday. Benchmark lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday. StockNews.com lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Mizuho lowered their target price on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $108.86.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $89.72 on Wednesday. The business has a 50-day moving average of $103.94 and a 200 day moving average of $101.91. Skyworks Solutions has a 12 month low of $85.06 and a 12 month high of $115.69. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.79 and a quick ratio of 3.51.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. As a group, sell-side analysts forecast that Skyworks Solutions will post 5.65 earnings per share for the current year.

Insider Transactions at Skyworks Solutions

In other news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Skyworks Solutions by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock valued at $2,097,372,000 after purchasing an additional 123,564 shares during the last quarter. Victory Capital Management Inc. raised its stake in Skyworks Solutions by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock valued at $407,474,000 after purchasing an additional 136,188 shares during the last quarter. Invesco Ltd. raised its stake in Skyworks Solutions by 11.8% in the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after purchasing an additional 321,243 shares during the last quarter. FIL Ltd raised its stake in Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after purchasing an additional 64,389 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new position in Skyworks Solutions in the 4th quarter valued at about $302,309,000. 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.