Skyworks Solutions (NASDAQ:SWKS) Price Target Lowered to $72.00 at Morgan Stanley

Skyworks Solutions (NASDAQ:SWKS) had its price target decreased by Morgan Stanley from $87.00 to $72.00 in a research report sent to investors on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the semiconductor manufacturer’s stock.

A number of other brokerages also recently weighed in on SWKS. Barclays cut their price target on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Loop Capital began coverage on Skyworks Solutions in a research note on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company. Rosenblatt Securities reissued a “neutral” rating and set a $80.00 price target (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday. Mizuho lowered Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $62.00 in a research note on Thursday. Finally, Craig Hallum decreased their target price on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Skyworks Solutions currently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Trading Down 24.7 %

Shares of NASDAQ:SWKS opened at $65.60 on Thursday. The company has a market capitalization of $10.54 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The business’s 50 day simple moving average is $89.37 and its 200 day simple moving average is $95.52. Skyworks Solutions has a 1 year low of $62.01 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results 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 13.71% and a net margin of 14.27%. On average, research analysts anticipate that Skyworks Solutions will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.27%. The ex-dividend date is Monday, February 24th. Skyworks Solutions’s payout ratio is presently 75.68%.

Insiders Place Their Bets

In related news, 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 sale, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Unison Advisors LLC increased its stake in shares of Skyworks Solutions by 0.6% in the 3rd quarter. Unison Advisors LLC now owns 17,384 shares of the semiconductor manufacturer’s stock valued at $1,717,000 after acquiring an additional 110 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in Skyworks Solutions by 9.3% in the third quarter. Abich Financial Wealth Management LLC now owns 1,322 shares of the semiconductor manufacturer’s stock worth $131,000 after purchasing an additional 112 shares during the period. UMB Bank n.a. increased its stake 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 valued at $141,000 after purchasing an additional 115 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Skyworks Solutions by 2.2% during the third 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 during the period. Finally, Waldron Private Wealth LLC boosted 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 worth $314,000 after purchasing an additional 133 shares in the last quarter. 85.43% of the stock is 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.