Barclays Issues Pessimistic Forecast for Skyworks Solutions (NASDAQ:SWKS) Stock Price

Skyworks Solutions (NASDAQ:SWKS) had its price objective reduced by Barclays from $80.00 to $70.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an underweight rating on the semiconductor manufacturer’s stock.

SWKS has been the topic of several other research reports. Citigroup lifted their target price on shares of Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a research note on Friday, January 10th. Piper Sandler dropped their price objective on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Craig Hallum decreased their target price on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and an average price target of $101.12.

Skyworks Solutions Stock Up 2.4 %

SWKS opened at $93.64 on Friday. 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 $82.13 and a twelve month high of $120.86. The company has a market cap of $14.97 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The company has a 50-day moving average price of $88.57 and a 200 day moving average price of $97.72.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is 75.68%.

Insider Activity

In other news, SVP Robert John Terry sold 1,821 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Several large investors have recently added to or reduced their stakes in the business. Erste Asset Management GmbH purchased a new position in Skyworks Solutions in the 3rd quarter valued at approximately $27,000. Investors Research Corp grew its stake in Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares in the last quarter. Matrix Trust Co purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $39,000. Valley Wealth Managers Inc. acquired a new stake in Skyworks Solutions in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new position in shares of Skyworks Solutions during the third quarter worth about $41,000. 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.