Skyworks Solutions (NASDAQ:SWKS) Earns “Neutral” Rating from Susquehanna

Susquehanna restated their neutral rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research note released on Wednesday morning, Marketbeat reports. They currently have a $90.00 target price on the semiconductor manufacturer’s stock, down from their prior target price of $125.00.

Other research analysts have also recently issued reports about the company. Rosenblatt Securities reissued a buy rating and issued a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. KeyCorp downgraded shares of Skyworks Solutions from an overweight rating to a sector weight rating in a report on Monday, April 8th. TD Cowen cut shares of Skyworks Solutions from a buy rating to a hold rating and reduced their target price for the company from $125.00 to $90.00 in a report on Wednesday. Piper Sandler reiterated a neutral rating and set a $90.00 price target on shares of Skyworks Solutions in a research note on Thursday, January 4th. Finally, StockNews.com lowered Skyworks Solutions from a buy rating to a hold rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of Hold and an average target price of $108.86.

Skyworks Solutions Trading Up 3.1 %

Shares of SWKS stock opened at $92.51 on Wednesday. The company has a current ratio of 2.79, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $115.69. The stock has a market capitalization of $14.82 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.67 and a beta of 1.35. The firm’s 50 day moving average is $103.64 and its 200 day moving average is $101.82.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. Research analysts expect that Skyworks Solutions will post 5.65 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Insider Activity at Skyworks Solutions

In related news, CEO Liam Griffin acquired 11,142 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Skyworks Solutions

Several hedge funds have recently modified their holdings of SWKS. Mediolanum International Funds Ltd purchased a new position in shares of Skyworks Solutions in the first quarter valued at $4,686,000. Pzena Investment Management LLC lifted its position in Skyworks Solutions by 27.5% during the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock valued at $371,445,000 after purchasing an additional 740,048 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Skyworks Solutions by 3.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 10,672 shares of the semiconductor manufacturer’s stock worth $1,156,000 after buying an additional 378 shares in the last quarter. Commerce Bank grew its stake in shares of Skyworks Solutions by 3.8% in the 1st quarter. Commerce Bank now owns 61,596 shares of the semiconductor manufacturer’s stock worth $6,672,000 after buying an additional 2,270 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Skyworks Solutions by 6.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 18,529 shares of the semiconductor manufacturer’s stock worth $2,007,000 after buying an additional 1,054 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.