Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Target Price at $83.78

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been assigned a consensus recommendation of “Reduce” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $83.78.

Several equities research analysts have recently commented on SWKS shares. Stifel Nicolaus lowered Skyworks Solutions from a “buy” rating to a “hold” rating and decreased their price target for the stock from $105.00 to $62.00 in a research note on Thursday, February 6th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $65.00 in a report on Thursday, February 6th. Morgan Stanley cut their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Loop Capital initiated coverage on shares of Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company.

Institutional Trading of Skyworks Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in SWKS. Erste Asset Management GmbH acquired a new position in Skyworks Solutions during the 3rd quarter worth $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new position in Skyworks Solutions in the fourth quarter worth about $29,000. Investors Research Corp grew its stake in Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Skyworks Solutions in the fourth quarter valued at about $33,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 1.0 %

Skyworks Solutions stock opened at $66.78 on Thursday. The stock’s 50 day moving average price is $83.07 and its 200 day moving average price is $91.21. Skyworks Solutions has a 1-year low of $62.01 and a 1-year high of $120.86. The company has a market cap of $10.73 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, sell-side analysts predict that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is 85.89%.

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.