Skyworks Solutions (NASDAQ:SWKS) Price Target Lowered to $100.00 at Wells Fargo & Company

Skyworks Solutions (NASDAQ:SWKS - Free Report) had its price target cut by Wells Fargo & Company from $110.00 to $100.00 in a report issued on Wednesday, Benzinga reports. They currently have an equal weight rating on the semiconductor manufacturer's stock.

Several other equities analysts also recently weighed in on the company. TD Cowen downgraded Skyworks Solutions from a buy rating to a hold rating and cut their target price for the company from $125.00 to $90.00 in a research report on Wednesday. KeyCorp downgraded Skyworks Solutions from an overweight rating to a sector weight rating in a research report on Monday, April 8th. Susquehanna reissued a neutral rating and set a $90.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a research report on Wednesday. UBS Group cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a neutral rating on the stock in a research report on Wednesday. Finally, Benchmark downgraded Skyworks Solutions from a buy rating to a hold rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $109.05.

Skyworks Solutions Price Performance

NASDAQ SWKS traded down $16.29 during trading hours on Wednesday, reaching $90.30. The company's stock had a trading volume of 9,093,066 shares, compared to its average volume of 2,390,152. The firm's 50-day moving average price is $104.21 and its 200-day moving average price is $101.99. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $115.69. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.01 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $2.33 EPS. The company's revenue was down 9.6% compared to the same quarter last year. On average, equities research analysts predict that Skyworks Solutions will post 5.63 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.01%. Skyworks Solutions's dividend payout ratio (DPR) is presently 48.23%.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWKS. HB Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 3.0% in the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer's stock valued at $349,000 after purchasing an additional 94 shares during the period. Safeguard Investment Advisory Group LLC increased its holdings 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 valued at $1,764,000 after purchasing an additional 99 shares during the period. Albert D Mason Inc. increased its holdings in shares of Skyworks Solutions by 0.7% in the first quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer's stock valued at $1,581,000 after purchasing an additional 99 shares during the period. John G Ullman & Associates Inc. increased its holdings 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 valued at $371,000 after purchasing an additional 100 shares during the period. Finally, Lcnb Corp increased its holdings 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 valued at $490,000 after purchasing an additional 100 shares during the period. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

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.