Skyworks Solutions (NASDAQ:SWKS) Shares Gap Down to $105.48

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $105.48, but opened at $102.87. Skyworks Solutions shares last traded at $103.60, with a volume of 274,449 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Piper Sandler restated a "neutral" rating and issued a $90.00 price objective on shares of Skyworks Solutions in a report on Thursday, January 4th. Mizuho increased their price target on Skyworks Solutions from $108.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, December 18th. KeyCorp downgraded Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Monday. Susquehanna increased their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. Finally, TD Cowen increased their price target on Skyworks Solutions from $115.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $115.10.

Skyworks Solutions Trading Down 1.3 %

The company has a market capitalization of $16.69 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.96 and a beta of 1.37. The stock's 50 day moving average is $104.95 and its 200-day moving average is $101.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51.

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

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, February 16th. Skyworks Solutions's dividend payout ratio is 48.23%.

Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors have recently made changes to their positions in SWKS. BOKF NA grew its holdings in shares of Skyworks Solutions by 113.8% during the fourth quarter. BOKF NA now owns 233 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 124 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter worth $26,000. Fortis Capital Advisors LLC purchased a new position in shares of Skyworks Solutions during the 4th quarter worth $27,000. Tyler Stone Wealth Management purchased a new position in shares of Skyworks Solutions during the 2nd quarter worth $29,000. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company's stock.

About Skyworks Solutions

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.