Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Free Report) gapped down prior to trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $110.00 to $100.00. The stock had previously closed at $106.59, but opened at $91.07. Wells Fargo & Company currently has an equal weight rating on the stock. Skyworks Solutions shares last traded at $91.58, with a volume of 1,894,106 shares traded.
Several other research analysts have also recently weighed in on SWKS. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. JPMorgan Chase & Co. dropped their price target on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday. TD Cowen downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and lowered their target price for the company from $125.00 to $90.00 in a report on Wednesday. Finally, Rosenblatt Securities dropped their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $109.05.
View Our Latest Stock Analysis on Skyworks Solutions
Hedge Funds Weigh In On Skyworks Solutions
Skyworks Solutions Stock Down 15.3 %
The company has a market cap of $14.47 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The company has a fifty day moving average of $104.21 and a two-hundred day moving average of $101.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 5.63 earnings per share for the current fiscal year.
Skyworks Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.01%. Skyworks Solutions’s payout ratio is 48.23%.
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.
See Also
- Five stocks we like better than Skyworks Solutions
- Ride Out The Recession With These Dividend Kings
- AMD is Down 35%. Now is the Time to Buy the Dip
- Earnings Per Share Calculator: How to Calculate EPS
- Amazon Stands Tall: New Highs Are in Sight
- What is a Secondary Public Offering? What Investors Need to Know
- Chesapeake Energy Stock is The Energy Play, Earnings Confirm
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.