Skyworks Solutions (NASDAQ:SWKS) Given Neutral Rating at Rosenblatt Securities

Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “neutral” rating reissued by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $80.00 target price on the semiconductor manufacturer’s stock, down from their prior target price of $120.00. Rosenblatt Securities’ target price indicates a potential downside of 8.13% from the stock’s current price.

SWKS has been the subject of several other research reports. Piper Sandler lowered their target price on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup increased their price objective on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, January 10th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $65.00 in a research note on Thursday. Benchmark reiterated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.47.

Skyworks Solutions Trading Up 0.8 %

SWKS opened at $87.08 on Thursday. 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 stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 1.96 and a beta of 1.14. The company has a 50-day simple moving average of $89.79 and a 200 day simple moving average of $95.73.

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

Insider Activity

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of SWKS. Erste Asset Management GmbH acquired a new stake in shares of Skyworks Solutions in the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Skyworks Solutions in the 4th quarter worth $28,000. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions in the 4th quarter valued at $29,000. Investors Research Corp increased 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 valued at $34,000 after purchasing an additional 213 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in Skyworks Solutions during the third quarter worth $39,000. 85.43% of the stock is owned by 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.