Skyworks Solutions (NASDAQ:SWKS) Receives “Hold” Rating from Benchmark

Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “hold” rating restated by equities research analysts at Benchmark in a research report issued to clients and investors on Thursday,Benzinga reports.

Several other equities analysts have also issued reports on the stock. Barclays cut their price objective on shares of Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Loop Capital assumed coverage on Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective on the stock. Piper Sandler reduced their target price on shares of Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Morgan Stanley lowered their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.47.

Skyworks Solutions Price Performance

Shares of SWKS stock opened at $87.08 on Thursday. 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 current ratio of 5.54, a quick ratio of 4.24 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 fifty day simple moving average of $89.79 and a two-hundred day simple moving average of $95.73.

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%. On average, analysts predict that Skyworks Solutions will post 4.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

Several hedge funds have recently bought and sold shares of the stock. Erste Asset Management GmbH purchased a new stake in Skyworks Solutions during the third quarter worth $27,000. Golden State Wealth Management LLC acquired a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in Skyworks Solutions in the 4th quarter worth about $29,000. Investors Research Corp boosted its position 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 purchasing an additional 213 shares in the last quarter. Finally, Matrix Trust Co acquired a new stake in Skyworks Solutions in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.