Skyworks Solutions' (SWKS) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS - Free Report) in a research note released on Thursday morning,Benzinga reports.

Several other equities analysts have also recently weighed in on the stock. UBS Group lowered 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 report on Tuesday, April 29th. Benchmark reissued a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Citigroup lifted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research note on Friday, January 10th. Stifel Nicolaus lowered shares of Skyworks Solutions from a "buy" rating to a "hold" rating and decreased their target price for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of "Hold" and an average target price of $78.29.

Skyworks Solutions Stock Up 0.5%

Shares of SWKS stock traded up $0.40 during trading hours on Thursday, hitting $73.44. 1,627,261 shares of the company were exchanged, compared to its average volume of 3,797,634. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.73 and a current ratio of 5.94. The business's 50-day simple moving average is $63.18 and its two-hundred day simple moving average is $76.84. 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 $11.03 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.79 and a beta of 1.18.

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

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions's dividend payout ratio is 109.80%.

Insiders Place Their Bets

In other news, CEO Philip G. Brace bought 10,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of $66.13 per share, with a total value of $661,300.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $661,300. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Skyworks Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 20,739,480 shares of the semiconductor manufacturer's stock worth $1,340,393,000 after acquiring an additional 397,638 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Skyworks Solutions by 37.9% during 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Skyworks Solutions by 8.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,507,074 shares of the semiconductor manufacturer's stock valued at $355,922,000 after buying an additional 408,577 shares during the last quarter. Vulcan Value Partners LLC raised its position in shares of Skyworks Solutions by 29.2% during the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock valued at $469,162,000 after buying an additional 1,194,782 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Skyworks Solutions by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 4,206,855 shares of the semiconductor manufacturer's stock valued at $372,727,000 after buying an additional 63,216 shares during 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.