KeyCorp Lowers Skyworks Solutions (NASDAQ:SWKS) to Sector Weight

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) was downgraded by equities research analysts at KeyCorp from an "overweight" rating to a "sector weight" rating in a report released on Monday, Marketbeat reports.

SWKS has been the topic of a number of other research reports. Rosenblatt Securities restated a "buy" rating and set a $130.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a "buy" rating to a "hold" rating in a research report on Friday, March 29th. Piper Sandler restated a "neutral" rating and set a $90.00 price objective on shares of Skyworks Solutions in a research report on Thursday, January 4th. B. Riley boosted their price objective 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, TD Cowen upped their price target on Skyworks Solutions from $115.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $115.10.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded down $1.34 during trading on Monday, reaching $104.14. 2,643,001 shares of the company's stock were exchanged, compared to its average volume of 2,349,899. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. Skyworks Solutions has a 1-year low of $85.06 and a 1-year high of $115.69. The company has a market cap of $16.69 billion, a P/E ratio of 18.46, a PEG ratio of 1.96 and a beta of 1.37. The firm's 50-day moving average price is $104.91 and its 200 day moving average price is $101.50.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. Skyworks Solutions's revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 EPS. As a group, research analysts anticipate that Skyworks Solutions will post 5.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Safeguard Investment Advisory Group LLC raised its stake in shares of Skyworks Solutions by 0.6% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer's stock worth $1,764,000 after purchasing an additional 99 shares during the last quarter. John G Ullman & Associates Inc. raised its stake in shares of Skyworks Solutions by 3.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer's stock worth $371,000 after purchasing an additional 100 shares during the last quarter. Lcnb Corp raised its stake in shares of Skyworks Solutions by 2.4% in the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer's stock worth $490,000 after purchasing an additional 100 shares during the last quarter. Pinnacle West Asset Management Inc. raised its stake in shares of Skyworks Solutions by 4.2% in the second quarter. Pinnacle West Asset Management Inc. now owns 2,460 shares of the semiconductor manufacturer's stock worth $272,000 after purchasing an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Skyworks Solutions by 7.3% in the first quarter. GAMMA Investing LLC now owns 1,535 shares of the semiconductor manufacturer's stock worth $166,000 after purchasing an additional 104 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.