Needham & Company LLC Reiterates Hold Rating for Skyworks Solutions (NASDAQ:SWKS)

Needham & Company LLC reissued their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a report published on Thursday,Benzinga reports.

A number of other analysts have also recently commented on SWKS. Mizuho cut Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $62.00 in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Craig Hallum decreased their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $65.00 in a research report on Thursday. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Performance

Shares of SWKS opened at $65.60 on Thursday. Skyworks Solutions has a 12 month low of $62.01 and a 12 month high of $120.86. The business’s fifty day simple moving average is $89.37 and its two-hundred day simple moving average is $95.52. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.96 and a beta of 1.14.

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

Skyworks Solutions Dividend Announcement

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

Insider Activity at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The sale 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SWKS. Sanctuary Advisors LLC bought a new position in Skyworks Solutions during the second quarter valued at $1,122,000. Czech National Bank raised its position in shares of 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 buying an additional 1,961 shares in the last quarter. GAMMA Investing LLC raised 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 valued at $362,000 after buying an additional 540 shares in the last quarter. Brookstone Capital Management bought a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $231,000. Finally, CWM LLC grew its position in Skyworks Solutions by 20.2% in the third quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock worth $809,000 after acquiring 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.