Skyworks Solutions (NASDAQ:SWKS) Rating Lowered to Hold at Stifel Nicolaus

Skyworks Solutions (NASDAQ:SWKS) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Thursday,Briefing.com Automated Import reports. They currently have a $62.00 price objective on the semiconductor manufacturer’s stock, down from their prior price objective of $105.00. Stifel Nicolaus’ price target suggests a potential downside of 28.80% from the company’s current price.

A number of other brokerages have also recently issued reports on SWKS. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. 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. JPMorgan Chase & Co. reduced their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Susquehanna reduced their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Finally, Piper Sandler reduced their target price on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $92.24.

Skyworks Solutions Price Performance

NASDAQ:SWKS opened at $87.08 on Thursday. Skyworks Solutions has a one year low of $82.13 and a one year high of $120.86. The company has a market cap of $14.00 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.96 and a beta of 1.14. The firm’s fifty day moving average price is $89.79 and its two-hundred day moving average price is $95.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24.

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 the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. Equities analysts expect that Skyworks Solutions will post 4.45 earnings per share for the current year.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Skyworks Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWKS. Sanctuary Advisors LLC acquired a new stake in Skyworks Solutions during the 2nd quarter valued at approximately $1,122,000. Czech National Bank increased its position in Skyworks Solutions by 6.4% during the 3rd quarter. Czech National Bank now owns 32,535 shares of the semiconductor manufacturer’s stock valued at $3,213,000 after purchasing an additional 1,961 shares during the period. GAMMA Investing LLC grew 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 buying an additional 540 shares during the period. Brookstone Capital Management acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $231,000. Finally, CWM LLC grew its position in shares of Skyworks Solutions by 20.2% during the 3rd quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock worth $809,000 after buying an additional 1,375 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

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.