Skyworks Solutions (NASDAQ:SWKS) Given New $95.00 Price Target at Piper Sandler

Skyworks Solutions (NASDAQ:SWKS) had its price target decreased by Piper Sandler from $105.00 to $95.00 in a research note released on Wednesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the semiconductor manufacturer’s stock.

Several other research firms have also weighed in on SWKS. B. Riley raised their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a neutral rating in a report on Wednesday, January 31st. StockNews.com downgraded Skyworks Solutions from a buy rating to a hold rating in a research note on Friday, March 29th. TD Cowen cut Skyworks Solutions from a buy rating to a hold rating and decreased their target price for the stock from $125.00 to $90.00 in a research report on Wednesday. Stifel Nicolaus dropped their price target on shares of Skyworks Solutions from $122.00 to $112.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Mizuho decreased their price objective on shares of Skyworks Solutions from $125.00 to $115.00 and set a buy rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $109.05.

Skyworks Solutions Trading Down 15.3 %

NASDAQ:SWKS opened at $90.30 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The company has a market capitalization of $14.47 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.98 and a beta of 1.35. The stock’s 50 day moving average price is $104.21 and its 200 day moving average price is $101.99. Skyworks Solutions has a 52 week low of $85.06 and a 52 week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.20%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $2.33 EPS. Skyworks Solutions’s quarterly revenue was down 9.6% on a year-over-year basis. On average, research analysts forecast that Skyworks Solutions will post 5.65 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 11th. Investors of record on Tuesday, May 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.01%. Skyworks Solutions’s payout ratio is 51.13%.

Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors have recently bought and sold shares of the business. Access Investment Management LLC bought a new position in shares of Skyworks Solutions during the 1st quarter worth about $31,000. Global Wealth Management Investment Advisory Inc. raised its position in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in Skyworks Solutions by 60.5% during the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 130 shares during the period. Milestone Investment Advisors LLC acquired a new stake in Skyworks Solutions during the third quarter valued at approximately $34,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 316 shares during the period. 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.