Skyworks Solutions’ (SWKS) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report sent to investors on Thursday morning,Benzinga reports.

A number of other equities research analysts have also recently commented on the stock. Barclays reduced their target price on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Stifel Nicolaus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price objective for the company from $105.00 to $62.00 in a report on Thursday. Loop Capital initiated coverage on Skyworks Solutions in a report on Monday, November 11th. They set a “hold” rating and a $90.00 target price on the stock. Bank of America cut their price target on Skyworks Solutions from $88.00 to $60.00 and set an “underperform” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $83.78.

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock opened at $65.60 on Thursday. The firm has a market cap of $10.54 billion, a PE ratio of 17.73, a P/E/G ratio of 1.96 and a beta of 1.14. The business has a 50-day moving average price of $89.37 and a 200 day moving average price of $95.52. The company has a quick ratio of 4.24, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a twelve month low of $62.01 and a twelve month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Sell-side analysts predict that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Activity at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the stock in a transaction dated 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 owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Skyworks Solutions during the second quarter worth $1,122,000. Czech National Bank lifted its holdings in Skyworks Solutions by 6.4% in the third quarter. Czech National Bank now owns 32,535 shares of the semiconductor manufacturer’s stock valued at $3,213,000 after acquiring an additional 1,961 shares during the period. GAMMA Investing LLC boosted its position in shares of Skyworks Solutions by 17.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,664 shares of the semiconductor manufacturer’s stock worth $362,000 after purchasing an additional 540 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $231,000. Finally, CWM LLC increased its holdings in shares of Skyworks Solutions by 20.2% in the 3rd quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock valued at $809,000 after purchasing an additional 1,375 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

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.