Craig Hallum Cuts Skyworks Solutions (NASDAQ:SWKS) Price Target to $105.00

Skyworks Solutions (NASDAQ:SWKS) had its target price decreased by Craig Hallum from $140.00 to $105.00 in a research report released on Wednesday morning,Benzinga reports. Craig Hallum currently has a buy rating on the semiconductor manufacturer’s stock.

Other analysts also recently issued research reports about the company. Bank of America boosted their price target on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Barclays lowered Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $115.00 to $87.00 in a research report on Thursday, October 10th. Benchmark restated a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday. B. Riley cut their price objective on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Loop Capital initiated coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $101.00.

Skyworks Solutions Trading Down 0.4 %

Skyworks Solutions stock opened at $83.69 on Wednesday. Skyworks Solutions has a one year low of $82.13 and a one year high of $120.86. The stock has a market cap of $13.37 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 3.01. The stock has a 50-day moving average of $95.14 and a two-hundred day moving average of $100.16.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $1.95 EPS. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, research analysts anticipate that Skyworks Solutions will post 5.39 EPS for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be paid a $0.70 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 75.68%.

Insider Buying and Selling 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 shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares of the company’s stock, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock valued at $3,034,265 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWKS. Rothschild Investment LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter valued at $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions in the second quarter valued at about $27,000. Erste Asset Management GmbH bought a new stake in shares of Skyworks Solutions during the third quarter worth $27,000. Blue Trust Inc. grew its holdings in Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the last quarter. Finally, Investors Research Corp increased its holdings in shares of Skyworks Solutions by 167.7% in the third 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. 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.