Skyworks Solutions’ (SWKS) Hold Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research note released on Wednesday morning,Benzinga reports.

A number of other research firms have also weighed in on SWKS. Morgan Stanley cut their price objective on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Bank of America upped their price target on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Finally, Piper Sandler dropped their target price on shares of Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $83.69 on Wednesday. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 52 week low of $82.13 and a 52 week high of $120.86. The company has a market cap of $13.37 billion, a P/E ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. The company has a 50-day moving average price of $95.14 and a 200 day moving average price of $100.20.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The firm’s revenue was down 15.9% on a year-over-year basis. Research analysts predict that Skyworks Solutions will post 5.39 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, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.35%. Skyworks Solutions’s payout ratio is 75.68%.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,841 shares of company stock valued at $3,034,265. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

Several institutional investors have recently made changes to their positions in SWKS. Geode Capital Management LLC increased its position in Skyworks Solutions by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,143,639 shares of the semiconductor manufacturer’s stock worth $408,410,000 after buying an additional 28,009 shares during the last quarter. Resources Management Corp CT ADV increased its position in Skyworks Solutions by 3.4% in the 3rd quarter. Resources Management Corp CT ADV now owns 4,324 shares of the semiconductor manufacturer’s stock worth $427,000 after buying an additional 142 shares during the period. Guardian Wealth Management Inc. raised its stake in Skyworks Solutions by 1.7% during the 3rd quarter. Guardian Wealth Management Inc. now owns 10,228 shares of the semiconductor manufacturer’s stock valued at $1,010,000 after purchasing an additional 171 shares during the last quarter. Barclays PLC raised its position in shares of Skyworks Solutions by 96.4% during the third quarter. Barclays PLC now owns 1,934,037 shares of the semiconductor manufacturer’s stock valued at $191,023,000 after buying an additional 949,407 shares during the last quarter. Finally, Harvest Investment Advisors LLC lifted its position in shares of Skyworks Solutions by 14.1% in the 3rd quarter. Harvest Investment Advisors LLC now owns 15,739 shares of the semiconductor manufacturer’s stock worth $1,555,000 after acquiring an additional 1,940 shares during the period. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.