Skyworks Solutions (NASDAQ:SWKS) Lowered to Hold Rating by Argus

Skyworks Solutions (NASDAQ:SWKS) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Monday,Finviz reports.

A number of other research analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Rosenblatt Securities reiterated a “neutral” rating and issued a $80.00 price target (down from $120.00) on shares of Skyworks Solutions in a report on Thursday. Loop Capital started coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 price objective on the stock. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Finally, Morgan Stanley dropped their target price on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $65.69 on Monday. The company has a 50-day simple moving average of $88.93 and a 200-day simple moving average of $94.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24. Skyworks Solutions has a 12 month low of $62.01 and a 12 month high of $120.86. The company has a market cap of $10.56 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 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, equities analysts anticipate that Skyworks Solutions will post 4.45 earnings per share for the current year.

Institutional Investors Weigh In On Skyworks Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Abich Financial Wealth Management LLC increased its holdings in shares of Skyworks Solutions by 9.3% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock worth $131,000 after acquiring an additional 112 shares during the period. UMB Bank n.a. lifted its position in Skyworks Solutions by 8.7% in the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock worth $141,000 after purchasing an additional 115 shares during the period. Empirical Finance LLC boosted its stake in Skyworks Solutions by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 5,578 shares of the semiconductor manufacturer’s stock valued at $551,000 after purchasing an additional 121 shares in the last quarter. Waldron Private Wealth LLC increased its position in shares of Skyworks Solutions by 4.4% during the 3rd quarter. Waldron Private Wealth LLC now owns 3,182 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 133 shares during the period. Finally, Arvest Investments Inc. raised its position in Skyworks Solutions by 1.1% in the third quarter. Arvest Investments Inc. now owns 12,731 shares of the semiconductor manufacturer’s stock worth $1,257,000 after acquiring an additional 133 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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.