Skyworks Solutions (NASDAQ:SWKS) Rating Lowered to Hold at Benchmark

Benchmark downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a buy rating to a hold rating in a research note released on Wednesday morning, Marketbeat reports.

Several other brokerages also recently commented on SWKS. TD Cowen downgraded shares of Skyworks Solutions from a buy rating to a hold rating and cut their price target for the company from $125.00 to $90.00 in a report on Wednesday. Piper Sandler reissued a neutral rating and set a $90.00 price objective on shares of Skyworks Solutions in a research note on Thursday, January 4th. KeyCorp cut Skyworks Solutions from an overweight rating to a sector weight rating in a research report on Monday, April 8th. B. Riley raised their price target on Skyworks Solutions from $110.00 to $115.00 and gave the company a neutral rating in a report on Wednesday, January 31st. Finally, StockNews.com lowered Skyworks Solutions from a buy rating to a hold rating in a report on Friday, March 29th. One 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. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $108.86.

Skyworks Solutions Price Performance

SWKS stock opened at $92.51 on Wednesday. The firm has a 50 day moving average of $103.41 and a 200-day moving average of $101.80. The firm has a market capitalization of $14.84 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 3.88 and a beta of 1.35. Skyworks Solutions has a 12 month low of $85.06 and a 12 month high of $115.69. The company has a current ratio of 5.19, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st will be given a $0.68 dividend. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.94%. Skyworks Solutions’s payout ratio is currently 51.13%.

Insider Transactions at Skyworks Solutions

In other news, CEO Liam Griffin purchased 11,142 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

Several large investors have recently modified their holdings of the business. BNP Paribas purchased a new stake in Skyworks Solutions in the 1st quarter worth approximately $27,000. Global Wealth Management Investment Advisory Inc. lifted its stake in Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 155 shares during the period. Access Investment Management LLC bought a new stake in Skyworks Solutions in the first quarter valued at $31,000. Milestone Investment Advisors LLC purchased a new position in Skyworks Solutions during the 3rd quarter valued at $34,000. Finally, ST Germain D J Co. Inc. raised its holdings in Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 130 shares in the last quarter. 85.43% 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 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.