Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Average Recommendation of "Reduce" by Brokerages

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have been given a consensus rating of "Reduce" by the twenty-one brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $79.29.

Several brokerages have weighed in on SWKS. UBS Group lowered their target price on Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and cut their price target for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Citigroup boosted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a "sell" rating in a report on Friday, January 10th. Finally, B. Riley cut shares of Skyworks Solutions from a "buy" rating to a "neutral" rating and lowered their price target for the company from $110.00 to $65.00 in a report on Thursday, February 6th.

Skyworks Solutions Stock Up 0.1 %

Shares of NASDAQ:SWKS opened at $66.13 on Tuesday. The firm has a market capitalization of $10.37 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.79 and a beta of 1.21. The business has a 50 day simple moving average of $62.95 and a two-hundred day simple moving average of $77.80. Skyworks Solutions has a 1 year low of $47.93 and a 1 year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.73.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, equities analysts predict 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 was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, February 24th. Skyworks Solutions's payout ratio is presently 85.89%.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors and hedge funds have recently made changes to their positions in SWKS. Lindbrook Capital LLC boosted its holdings in Skyworks Solutions by 459.7% during the first quarter. Lindbrook Capital LLC now owns 2,989 shares of the semiconductor manufacturer's stock worth $193,000 after purchasing an additional 2,455 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Skyworks Solutions by 2.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 12,273 shares of the semiconductor manufacturer's stock valued at $793,000 after purchasing an additional 308 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Skyworks Solutions during the 1st quarter worth $52,000. Pzena Investment Management LLC boosted its position in Skyworks Solutions by 37.9% in the first quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer's stock valued at $501,716,000 after buying an additional 2,132,847 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Skyworks Solutions by 47.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 14,237 shares of the semiconductor manufacturer's stock valued at $921,000 after buying an additional 4,588 shares during the period. Institutional investors and hedge funds 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.

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