Susquehanna Reiterates “Neutral” Rating for Skyworks Solutions (NASDAQ:SWKS)

Susquehanna reaffirmed their neutral rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report report published on Wednesday morning, MarketBeat reports. Susquehanna currently has a $90.00 price objective on the semiconductor manufacturer’s stock, down from their prior price objective of $125.00.

SWKS has been the topic of a number of other research reports. TD Cowen lowered Skyworks Solutions from a buy rating to a hold rating and dropped their target price for the company from $125.00 to $90.00 in a research report on Wednesday. Rosenblatt Securities reaffirmed a buy rating and set a $130.00 target price on shares of Skyworks Solutions in a research note on Wednesday, January 31st. KeyCorp downgraded Skyworks Solutions from an overweight rating to a sector weight rating in a research note on Monday, April 8th. B. Riley boosted their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a neutral rating in a research report on Wednesday, January 31st. Finally, Piper Sandler reiterated a neutral rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of Hold and a consensus price target of $109.05.

Skyworks Solutions Stock Down 15.3 %

NASDAQ:SWKS opened at $90.30 on Wednesday. Skyworks Solutions has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35. The stock has a fifty day simple moving average of $104.21 and a 200-day simple moving average of $101.99. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data 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. Skyworks Solutions had a return on equity of 17.20% and a net margin of 18.85%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. Analysts anticipate that Skyworks Solutions will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.01%. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Institutional Trading of Skyworks Solutions

Hedge funds have recently modified their holdings of the business. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Skyworks Solutions by 98.1% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 155 shares during the period. Access Investment Management LLC acquired a new position in Skyworks Solutions during the first quarter worth $31,000. Milestone Investment Advisors LLC acquired a new position in Skyworks Solutions during the third quarter worth $34,000. ST Germain D J Co. Inc. raised its holdings in 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 worth $37,000 after purchasing an additional 130 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 316 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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.