Skyworks Solutions (NASDAQ:SWKS) Stock Rating Reaffirmed by Needham & Company LLC

Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “hold” rating reaffirmed by investment analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports.

SWKS has been the topic of several other research reports. Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley increased their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Mizuho dropped their target price on Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp lowered shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Finally, TD Cowen lowered Skyworks Solutions from a “buy” rating to a “hold” rating and cut their target price for the company from $125.00 to $90.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.71.

Skyworks Solutions Stock Performance

NASDAQ SWKS traded down $16.55 on Wednesday, hitting $90.04. 4,764,597 shares of the company traded hands, compared to its average volume of 2,335,260. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.01 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $104.21 and its 200-day moving average price is $101.99. Skyworks Solutions has a 52-week low of $85.06 and a 52-week high of $115.69.

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

Institutional Trading of Skyworks Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWKS. Global Wealth Management Investment Advisory Inc. lifted its stake in Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 155 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in Skyworks Solutions in the third quarter valued at approximately $34,000. ST Germain D J Co. Inc. lifted its position in Skyworks Solutions by 60.5% in the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Skyworks Solutions by 790.0% during the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 316 shares in the last quarter. Finally, Vestor Capital LLC purchased a new stake in Skyworks Solutions in the fourth quarter worth $43,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

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.