Skyworks Solutions (NASDAQ:SWKS - Free Report ) from an outperform rating to a peer perform rating in a research report released on Thursday, Marketbeat reports.
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Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a neutral rating on the stock in a research report on Wednesday, May 1st. Citigroup reduced their price objective on shares of Skyworks Solutions from $85.00 to $83.00 and set a sell rating for the company in a research note on Thursday, May 2nd. Mizuho lowered their target price on shares of Skyworks Solutions from $125.00 to $115.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. Susquehanna reiterated a neutral rating and issued a $90.00 price target (down previously from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Finally, KeyCorp downgraded Skyworks Solutions from an overweight rating to a sector weight rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of Hold and a consensus target price of $108.86.
View Our Latest Report on SWKS
Skyworks Solutions Stock Performance NASDAQ:SWKS traded down $0.99 during mid-day trading on Thursday, reaching $92.25. The company's stock had a trading volume of 2,366,932 shares, compared to its average volume of 2,404,428. The firm's fifty day moving average price is $102.77 and its two-hundred day moving average price is $101.83. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The stock has a market cap of $14.80 billion, a P/E ratio of 17.53, a PEG ratio of 3.97 and a beta of 1.35. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $115.69.
Skyworks Solutions Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Monday, May 20th. Skyworks Solutions's dividend payout ratio (DPR) is presently 51.13%.
Insider Transactions at Skyworks Solutions In related news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the purchase, the chief executive officer now directly owns 104,153 shares of the company's stock, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Corporate insiders own 0.34% of the company's stock.
Hedge Funds Weigh In On Skyworks Solutions Institutional investors have recently made changes to their positions in the company. BNP Paribas purchased a new position in Skyworks Solutions in the first quarter valued at about $27,000. Access Investment Management LLC purchased a new position in shares of Skyworks Solutions in the 1st quarter worth approximately $31,000. Global Wealth Management Investment Advisory Inc. lifted its position in Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 155 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer's stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Milestone Investment Advisors LLC purchased a new position in Skyworks Solutions in the third quarter worth $34,000. Hedge funds and other institutional investors own 85.43% of the company's stock.
Skyworks Solutions Company Profile (
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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.
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