ValuEngine lowered shares of Skyworks Solutions (NASDAQ:SWKS) from a hold rating to a sell rating in a report released on Friday morning, ValuEngine reports.

Several other research analysts have also recently issued reports on the company. B. Riley raised Skyworks Solutions from a neutral rating to a buy rating and lifted their target price for the company from $80.00 to $90.00 in a research report on Monday, January 28th. Goldman Sachs Group raised Skyworks Solutions from a neutral rating to a buy rating and set a $96.00 target price on the stock in a research report on Wednesday, February 6th. BidaskClub raised Skyworks Solutions from a hold rating to a buy rating in a research report on Wednesday, February 13th. Mizuho reaffirmed a hold rating and set a $89.00 target price on shares of Skyworks Solutions in a research report on Friday, May 3rd. Finally, TheStreet raised Skyworks Solutions from a c+ rating to a b- rating in a research report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $90.37.

Shares of Skyworks Solutions stock opened at $68.01 on Friday. Skyworks Solutions has a 52 week low of $60.12 and a 52 week high of $104.20. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 1.01 and a beta of 0.70.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The firm had revenue of $810.40 million during the quarter, compared to analysts’ expectations of $809.52 million. During the same quarter last year, the firm posted $1.64 earnings per share. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. Equities research analysts expect that Skyworks Solutions will post 6.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.38 per share. The ex-dividend date is Monday, May 20th. This represents a $1.52 dividend on an annualized basis and a yield of 2.23%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 22.93%.

Skyworks Solutions announced that its Board of Directors has approved a share buyback program on Tuesday, February 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 15.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

In related news, Director David J. Aldrich sold 5,000 shares of Skyworks Solutions stock in a transaction on Friday, March 29th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the sale, the director now directly owns 205,922 shares in the company, valued at $16,768,228.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Peter L. Gammel sold 1,881 shares of Skyworks Solutions stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $93.53, for a total value of $175,929.93. Following the sale, the chief technology officer now owns 9,240 shares in the company, valued at $864,217.20. The disclosure for this sale can be found here. Insiders have sold 114,315 shares of company stock worth $9,981,691 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Allstate Corp bought a new stake in shares of Skyworks Solutions in the first quarter valued at $316,000. Advisory Services Network LLC raised its stake in shares of Skyworks Solutions by 4.6% in the first quarter. Advisory Services Network LLC now owns 15,292 shares of the semiconductor manufacturer’s stock valued at $1,261,000 after buying an additional 675 shares during the period. FMR LLC raised its stake in shares of Skyworks Solutions by 63.8% in the first quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock valued at $290,102,000 after buying an additional 1,370,337 shares during the period. BlueMountain Capital Management LLC raised its stake in shares of Skyworks Solutions by 74.1% in the first quarter. BlueMountain Capital Management LLC now owns 3,049 shares of the semiconductor manufacturer’s stock valued at $251,000 after buying an additional 1,298 shares during the period. Finally, Covenant Partners LLC bought a new stake in shares of Skyworks Solutions in the first quarter valued at $268,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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