Skyworks Solutions (NASDAQ:SWKS) Rating Lowered to “Neutral” at B. Riley

Skyworks Solutions (NASDAQ:SWKS) was downgraded by research analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Thursday,Briefing.com Automated Import reports. They presently have a $65.00 price target on the semiconductor manufacturer’s stock, down from their previous price target of $110.00. B. Riley’s target price suggests a potential downside of 25.36% from the company’s previous close.

Other research analysts have also issued research reports about the company. Susquehanna decreased their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Mizuho reduced their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Piper Sandler reduced their target price on Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Morgan Stanley dropped their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped their price target 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 analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.24.

Skyworks Solutions Trading Up 0.8 %

Shares of SWKS stock opened at $87.08 on Thursday. Skyworks Solutions has a 1-year low of $82.13 and a 1-year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The business has a 50-day moving average of $89.79 and a 200 day moving average of $95.73. The stock has a market capitalization of $14.00 billion, a PE ratio of 23.54, a P/E/G ratio of 1.96 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share 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%. As a group, sell-side analysts anticipate that Skyworks Solutions will post 4.45 earnings per share for the current year.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at $2,214,960.72. The trade was a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 SWKS. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions during the third quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new stake in Skyworks Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in Skyworks Solutions during the fourth quarter worth $29,000. Investors Research Corp lifted its holdings in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 213 shares during the period. Finally, Matrix Trust Co acquired a new position in shares of Skyworks Solutions during the third quarter worth $39,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

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.