UBS Group Lowers Skyworks Solutions (NASDAQ:SWKS) Price Target to $65.00

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its target price dropped by equities research analysts at UBS Group from $70.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor manufacturer's stock. UBS Group's price target would indicate a potential downside of 1.60% from the stock's current price.

Other analysts also recently issued reports about the company. Benchmark restated a "hold" rating on shares of Skyworks Solutions in a research report on Thursday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, February 6th. Barclays cut their price objective on Skyworks Solutions from $55.00 to $45.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut their price target on shares of Skyworks Solutions from $92.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho lowered Skyworks Solutions from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $105.00 to $62.00 in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and an average target price of $79.29.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $0.83 on Tuesday, reaching $66.06. The stock had a trading volume of 3,674,521 shares, compared to its average volume of 2,828,143. Skyworks Solutions has a 12 month low of $47.93 and a 12 month high of $120.86. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.79 and a beta of 1.21. The firm's 50-day moving average is $62.96 and its two-hundred day moving average is $78.30. The company has a quick ratio of 4.73, a current ratio of 5.94 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, research analysts expect that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Insider Activity at Skyworks Solutions

In related news, CEO Philip G. Brace bought 10,000 shares of Skyworks Solutions stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost 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 of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyworks Solutions

Institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Skyworks Solutions in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. bought a new stake in Skyworks Solutions in the 4th quarter valued at about $29,000. Picton Mahoney Asset Management purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $33,000. Mattson Financial Services LLC bought a new position in Skyworks Solutions during the fourth quarter worth about $37,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors 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.