Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $100.00 at UBS Group

Skyworks Solutions (NASDAQ:SWKS) had its price objective decreased by UBS Group from $110.00 to $100.00 in a research note released on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the semiconductor manufacturer’s stock.

Several other brokerages also recently commented on SWKS. StockNews.com downgraded shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Friday, March 29th. KeyCorp lowered Skyworks Solutions from an overweight rating to a sector weight rating in a research report on Monday, April 8th. Mizuho cut their price objective on Skyworks Solutions from $125.00 to $115.00 and set a buy rating on the stock in a research report on Wednesday. TD Cowen downgraded Skyworks Solutions from a buy rating to a hold rating and decreased their target price for the company from $125.00 to $90.00 in a report on Wednesday. Finally, B. Riley raised their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a neutral rating in a research note on Wednesday, January 31st. 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 stock. According to MarketBeat, Skyworks Solutions currently has an average rating of Hold and a consensus price target of $108.86.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $92.51 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 2.79. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The firm has a market cap of $14.82 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. The business has a 50 day moving average price of $103.64 and a 200-day moving average price of $101.82.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly 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 business had revenue of $1.20 billion during 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 for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 EPS. Equities research analysts predict that Skyworks Solutions will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

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

Insider Transactions at Skyworks Solutions

In other news, CEO Liam Griffin acquired 11,142 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following 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 at this hyperlink. 0.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas purchased a new position in Skyworks Solutions in the 1st quarter worth approximately $27,000. Global Wealth Management Investment Advisory Inc. boosted its stake in Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Access Investment Management LLC bought a new stake in shares of Skyworks Solutions in the 1st quarter worth $31,000. Milestone Investment Advisors LLC purchased a new position in shares of Skyworks Solutions in the third quarter worth $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Skyworks Solutions by 60.5% during the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. Institutional investors 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.