Needham & Company LLC Reiterates Hold Rating for Skyworks Solutions (NASDAQ:SWKS)

Needham & Company LLC reaffirmed their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research note released on Wednesday morning, Benzinga reports.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Skyworks Solutions from $120.00 to $105.00 and set a neutral rating on the stock in a research note on Wednesday. Mizuho cut their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a buy rating on the stock in a research note on Wednesday. StockNews.com lowered shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Friday, March 29th. Piper Sandler cut their target price on shares of Skyworks Solutions from $105.00 to $95.00 and set a neutral rating on the stock in a research note on Wednesday. Finally, KeyCorp lowered shares of Skyworks Solutions from an overweight rating to a sector weight rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions currently has a consensus rating of Hold and a consensus target price of $108.86.

Skyworks Solutions Stock Up 3.1 %

Shares of NASDAQ:SWKS opened at $92.51 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.51. The firm has a market capitalization of $14.84 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 4.00 and a beta of 1.35. The firm’s 50-day moving average is $103.41 and its two-hundred day moving average is $101.80. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $115.69.

Skyworks Solutions Dividend Announcement

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

Insider Activity

In related news, CEO Liam Griffin purchased 11,142 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SWKS. HB Wealth Management LLC raised its holdings in Skyworks Solutions by 3.0% during the first quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after purchasing an additional 94 shares in the last quarter. Safeguard Investment Advisory Group LLC increased its position in Skyworks Solutions by 0.6% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer’s stock worth $1,764,000 after purchasing an additional 99 shares during the period. Albert D Mason Inc. raised its stake in shares of Skyworks Solutions by 0.7% during the 1st quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer’s stock worth $1,581,000 after buying an additional 99 shares in the last quarter. John G Ullman & Associates Inc. lifted its holdings in shares of Skyworks Solutions by 3.1% in the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 100 shares during the period. Finally, Lcnb Corp boosted its stake in shares of Skyworks Solutions by 2.4% in the fourth quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $490,000 after buying an additional 100 shares in the last quarter. 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.