Skyworks Solutions (NASDAQ:SWKS) Downgraded by B. Riley to “Neutral”

B. Riley downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a buy rating to a neutral rating in a research report report published on Thursday morning, MarketBeat.com reports. They currently have $65.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $110.00.

Other research analysts have also issued reports about the stock. Morgan Stanley decreased their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Craig Hallum reduced their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Citigroup raised their target price 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. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.78.

Skyworks Solutions Trading Down 24.7 %

Shares of NASDAQ SWKS opened at $65.60 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. The stock’s 50 day moving average price is $89.37 and its two-hundred day moving average price is $95.52. Skyworks Solutions has a 52-week low of $62.01 and a 52-week high of $120.86. The stock has a market capitalization of $10.54 billion, a P/E ratio of 17.73, a PEG ratio of 1.96 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly 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 net margin of 14.27% and a return on equity of 13.71%. On average, analysts anticipate that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

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

Insiders Place Their Bets

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 of the company’s stock, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions in the third quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new position in Skyworks Solutions in the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $29,000. Investors Research Corp lifted its position in shares of Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 213 shares during the period. Finally, Matrix Trust Co acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $39,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.