Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $115.00 at Mizuho

Skyworks Solutions (NASDAQ:SWKS) had its target price cut by Mizuho from $125.00 to $115.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

A number of other research analysts have also commented on SWKS. Piper Sandler restated a neutral rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Thursday, January 4th. Benchmark lowered shares of Skyworks Solutions from a buy rating to a hold rating in a research report on Wednesday. KeyCorp lowered shares of Skyworks Solutions from an overweight rating to a sector weight rating in a research report on Monday, April 8th. Stifel Nicolaus cut their target price on shares of Skyworks Solutions from $122.00 to $112.00 and set a buy rating for the company in a research report on Wednesday. Finally, Susquehanna reiterated a neutral rating and issued a $90.00 target price (down from $125.00) on shares of Skyworks Solutions in a research report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $108.86.

Skyworks Solutions Stock Up 3.1 %

SWKS opened at $92.51 on Wednesday. The company has a fifty day moving average price of $103.41 and a 200-day moving average price of $101.80. The firm has a market capitalization of $14.84 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 4.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.51. Skyworks Solutions has a one year low of $85.06 and a one year high of $115.69.

Skyworks Solutions Dividend Announcement

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

Insider Activity

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

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors have recently bought and sold shares of SWKS. Pzena Investment Management LLC bought a new position in Skyworks Solutions in the fourth quarter worth about $302,309,000. Norges Bank bought a new position in Skyworks Solutions in the fourth quarter worth about $226,266,000. Pacer Advisors Inc. raised its stake in 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 in the last quarter. KBC Group NV raised its stake in Skyworks Solutions by 2,156.7% in the fourth quarter. KBC Group NV now owns 440,372 shares of the semiconductor manufacturer’s stock worth $49,506,000 after buying an additional 420,858 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings 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 worth $112,951,000 after purchasing an additional 338,838 shares during the period. 85.43% of the stock is owned by institutional investors.

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.