Stifel Nicolaus Downgrades Skyworks Solutions (NASDAQ:SWKS) to Hold

Stifel Nicolaus downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a buy rating to a hold rating in a report released on Thursday morning, MarketBeat.com reports. The brokerage currently has $62.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $105.00.

Other equities research analysts also recently issued reports about the stock. Citigroup boosted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research report on Friday, January 10th. Morgan Stanley decreased their price objective on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Barclays dropped their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Piper Sandler decreased their price target on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Mizuho dropped their price objective on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Down 24.7 %

SWKS stock opened at $65.60 on Thursday. The stock’s 50 day simple moving average is $89.37 and its 200 day simple moving average is $95.52. The company has a market cap of $10.54 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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 expect that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

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

Insider Activity

In other news, SVP Robert John Terry sold 10,522 shares of the business’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 value of $926,041.22. Following the sale, the senior vice president now owns 15,960 shares of the company’s stock, valued at $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Skyworks Solutions in the fourth quarter worth $7,947,000. Arizona State Retirement System lifted its holdings in Skyworks Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 46,378 shares of the semiconductor manufacturer’s stock worth $4,113,000 after purchasing an additional 410 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Skyworks Solutions during the 4th quarter worth about $2,509,000. Seizert Capital Partners LLC boosted its stake in Skyworks Solutions by 8.8% in the 4th quarter. Seizert Capital Partners LLC now owns 377,048 shares of the semiconductor manufacturer’s stock worth $33,437,000 after purchasing an additional 30,580 shares during the period. Finally, M&T Bank Corp grew its holdings in Skyworks Solutions by 9.5% during the 4th quarter. M&T Bank Corp now owns 12,443 shares of the semiconductor manufacturer’s stock valued at $1,104,000 after buying an additional 1,075 shares in the last quarter. 85.43% of the stock is owned by institutional investors.

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.