Stifel Nicolaus Lowers Skyworks Solutions (NASDAQ:SWKS) Price Target to $112.00

Skyworks Solutions (NASDAQ:SWKS) had its price objective cut by equities research analysts at Stifel Nicolaus from $122.00 to $112.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 21.08% from the company’s previous close.

SWKS has been the subject of several other research reports. KeyCorp cut Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Susquehanna reissued a “neutral” rating and issued a $90.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a report on Wednesday. B. Riley upped their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Rosenblatt Securities lowered their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.20.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $92.50 on Wednesday. Skyworks Solutions has a 12 month low of $85.06 and a 12 month high of $115.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The business has a 50 day simple moving average of $104.15 and a 200-day simple moving average of $101.91. The stock has a market capitalization of $14.82 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. Equities analysts predict that Skyworks Solutions will post 5.63 earnings per share for the current year.

Hedge Funds Weigh In On Skyworks Solutions

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Skyworks Solutions by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after purchasing an additional 123,564 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Skyworks Solutions by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after purchasing an additional 136,188 shares during the period. Invesco Ltd. raised its holdings in shares of Skyworks Solutions by 11.8% in the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after purchasing an additional 321,243 shares during the period. FIL Ltd raised its holdings in shares of Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after buying an additional 64,389 shares during the period. Finally, Pzena Investment Management LLC purchased a new stake in shares of Skyworks Solutions during the 4th quarter valued at about $302,309,000. 85.43% of the stock is currently owned by hedge funds and other 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.