ValuEngine downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a sell rating to a strong sell rating in a research note published on Saturday morning.

A number of other equities research analysts have also issued reports on SWKS. Cowen reaffirmed a hold rating and set a $105.00 price objective (up from $100.00) on shares of Skyworks Solutions in a report on Friday, July 20th. Morgan Stanley increased their price objective on shares of Skyworks Solutions from $85.00 to $87.00 and gave the company an underweight rating in a report on Friday, July 20th. Needham & Company LLC increased their price objective on shares of Skyworks Solutions from $110.00 to $118.00 and gave the company a buy rating in a report on Friday, July 20th. Craig Hallum reaffirmed a buy rating and set a $120.00 price objective (up from $115.00) on shares of Skyworks Solutions in a report on Friday, July 20th. Finally, B. Riley increased their price objective on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a buy rating in a report on Friday, July 20th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $107.36.

Shares of SWKS opened at $72.08 on Friday. Skyworks Solutions has a 1 year low of $71.63 and a 1 year high of $115.98. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.76 and a beta of 0.64.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. Skyworks Solutions had a net margin of 23.74% and a return on equity of 30.59%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the firm posted $1.82 EPS. The company’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Skyworks Solutions will post 7.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, November 26th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 22.93%.

In other Skyworks Solutions news, Director David J. Aldrich sold 5,500 shares of Skyworks Solutions stock in a transaction on Friday, October 5th. The shares were sold at an average price of $90.48, for a total transaction of $497,640.00. Following the completion of the transaction, the director now directly owns 147,752 shares of the company’s stock, valued at $13,368,600.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, August 24th. The stock was sold at an average price of $92.89, for a total transaction of $928,900.00. Following the transaction, the director now directly owns 152,252 shares of the company’s stock, valued at $14,142,688.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,500 shares of company stock valued at $3,126,050. 0.47% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SWKS. Catalyst Capital Advisors LLC purchased a new position in Skyworks Solutions during the second quarter worth $101,000. Quad Cities Investment Group LLC purchased a new position in Skyworks Solutions during the second quarter worth $102,000. NEXT Financial Group Inc purchased a new position in Skyworks Solutions during the third quarter worth $108,000. Polaris Greystone Financial Group LLC boosted its stake in Skyworks Solutions by 4,813.3% during the third quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock worth $134,000 after buying an additional 1,444 shares during the period. Finally, Peak Capital Management LLC purchased a new position in Skyworks Solutions during the second quarter worth $136,000. 81.82% 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, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

See Also: Are Wall Street analysts’ stock ratings worth following?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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.