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

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

Several brokerages have issued reports on SWKS. UBS Group dropped their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus lifted their target price 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. JPMorgan Chase & Co. dropped their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Finally, Barclays boosted their target price on Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SWKS. Horizon Investments LLC increased its holdings in Skyworks Solutions by 2.8% during the 1st quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock valued at $349,000 after acquiring an additional 146 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in shares of Skyworks Solutions by 2.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after purchasing an additional 156 shares during the last quarter. Motley Fool Asset Management LLC increased its stake in shares of Skyworks Solutions by 7.5% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock worth $209,000 after purchasing an additional 165 shares in the last quarter. Principal Securities Inc. raised its position in shares of Skyworks Solutions by 7.5% during the 4th quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 167 shares during the last quarter. Finally, PAX Financial Group LLC raised its position in shares of Skyworks Solutions by 0.8% during the 4th quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock worth $1,949,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $73.42 on Wednesday. Skyworks Solutions has a one year low of $47.93 and a one year high of $120.86. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.81 and a beta of 1.16. The company has a 50-day simple moving average of $68.19 and a 200-day simple moving average of $73.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 11.53% and a net margin of 10.43%. The firm had revenue of $953.20 million during the quarter, compared to the consensus estimate of $951.50 million. During the same period in the prior year, the business earned $1.55 EPS. The firm's revenue was down 8.9% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is currently 109.80%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.