Skyworks Solutions (NASDAQ:SWKS) Raised to Moderate Sell at Cfra Research

Key Points

• Cfra Research has upgraded Skyworks Solutions to a "moderate sell" rating, indicating a bearish outlook for the company's stock.
• Skyworks Solutions reported earnings of $1.33 per share, beating estimates, and a revenue of $965 million, reflecting a 6.6% increase year-over-year.
• The company has an average rating of "Hold" among analysts, with a consensus price target of $72.87.

Cfra Research upgraded shares of Skyworks Solutions (NASDAQ:SWKS - Free Report) to a moderate sell rating in a report published on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on the stock. Barclays lifted their price target on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. UBS Group lifted their price target on shares of Skyworks Solutions from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. decreased 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. Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Finally, Mizuho lifted their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $72.87.

Skyworks Solutions Price Performance

SWKS traded up $2.53 on Wednesday, reaching $71.08. The company had a trading volume of 2,595,941 shares, compared to its average volume of 2,594,671. The business has a 50 day simple moving average of $72.71 and a 200 day simple moving average of $69.32. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39. Skyworks Solutions has a 52-week low of $47.93 and a 52-week high of $110.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. Skyworks Solutions's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. As a group, sell-side analysts anticipate that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.71 per share. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.70. The ex-dividend date is Tuesday, August 26th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.0%. Skyworks Solutions's dividend payout ratio (DPR) is presently 112.00%.

Institutional Trading of Skyworks Solutions

A number of hedge funds have recently modified their holdings of SWKS. Pzena Investment Management LLC boosted its holdings in shares of Skyworks Solutions by 57.3% during the 2nd quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer's stock valued at $909,714,000 after buying an additional 4,444,747 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Skyworks Solutions by 4,364.4% during the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock valued at $126,072,000 after buying an additional 1,389,803 shares in the last quarter. Vulcan Value Partners LLC boosted its holdings in shares of Skyworks Solutions by 29.2% during the 4th 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 in the last quarter. Invesco Ltd. raised its position in shares of Skyworks Solutions by 31.0% in the 1st quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after purchasing an additional 979,962 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth about $67,841,000. Institutional investors 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.