Skyworks Solutions (NASDAQ:SWKS) Given New $105.00 Price Target at Craig Hallum

Skyworks Solutions (NASDAQ:SWKS) had its price target trimmed by Craig Hallum from $140.00 to $105.00 in a research report sent to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

SWKS has been the subject of several other reports. Rosenblatt Securities lifted their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Susquehanna lowered their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley dropped their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Loop Capital initiated coverage on Skyworks Solutions in a research note on Monday. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Barclays lowered Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $115.00 to $87.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.59.

Skyworks Solutions Trading Down 4.4 %

Skyworks Solutions stock opened at $83.18 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The stock has a market cap of $13.29 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21. The stock has a 50-day moving average of $95.79 and a two-hundred day moving average of $100.49. Skyworks Solutions has a one year low of $82.13 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.73%. Skyworks Solutions’s revenue was down 15.9% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. On average, research analysts anticipate that Skyworks Solutions will post 5.39 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.37%. Skyworks Solutions’s payout ratio is 75.68%.

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,684 shares of company stock valued at $3,232,333 in the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors have recently bought and sold shares of the company. Vulcan Value Partners LLC raised its holdings in shares of Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after acquiring an additional 1,262,964 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Skyworks Solutions by 54.9% during the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after purchasing an additional 1,233,618 shares in the last quarter. Swedbank AB acquired a new position in Skyworks Solutions in the 1st quarter valued at $110,086,000. Vanguard Group Inc. lifted its holdings in Skyworks Solutions by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after purchasing an additional 745,374 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in Skyworks Solutions by 5,769.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 726,005 shares of the semiconductor manufacturer’s stock valued at $71,708,000 after purchasing an additional 713,636 shares in the last quarter. 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.