Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Consensus Recommendation of "Reduce" from Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have been assigned an average rating of "Reduce" from the twenty analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $78.29.

Several equities research analysts have recently weighed in on SWKS shares. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Rosenblatt Securities restated a "neutral" rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $65.00 in a research report on Thursday, February 6th. Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, Piper Sandler lowered their price target on Skyworks Solutions from $85.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th.

Skyworks Solutions Trading Down 1.3%

Shares of Skyworks Solutions stock traded down $0.92 on Friday, reaching $68.58. 15,911,526 shares of the company were exchanged, compared to its average volume of 3,003,822. Skyworks Solutions has a fifty-two week low of $47.93 and a fifty-two week high of $120.86. The stock has a fifty day moving average price of $63.73 and a 200-day moving average price of $75.13. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. The business had revenue of $953.20 million for the quarter, compared to analysts' expectations of $951.50 million. During the same period in the previous year, the company posted $1.55 EPS. Skyworks Solutions's revenue was down 8.9% on a year-over-year basis. On average, analysts expect that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.08%. Skyworks Solutions's payout ratio is 109.80%.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC raised its stake in shares of Skyworks Solutions by 32.4% in the first quarter. Jacobi Capital Management LLC now owns 6,080 shares of the semiconductor manufacturer's stock valued at $393,000 after acquiring an additional 1,489 shares in the last quarter. Focus Partners Wealth raised its position in Skyworks Solutions by 99.0% in the first quarter. Focus Partners Wealth now owns 9,451 shares of the semiconductor manufacturer's stock worth $611,000 after acquiring an additional 4,702 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in Skyworks Solutions by 138.1% during the first quarter. Bayforest Capital Ltd now owns 7,511 shares of the semiconductor manufacturer's stock worth $485,000 after buying an additional 4,356 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Skyworks Solutions by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,202,049 shares of the semiconductor manufacturer's stock worth $77,688,000 after acquiring an additional 24,304 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Skyworks Solutions by 2.1% in the first quarter. Empowered Funds LLC now owns 53,728 shares of the semiconductor manufacturer's stock valued at $3,472,000 after buying an additional 1,119 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

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.