Piper Jaffray Companies reissued their buy rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a report released on Wednesday, December 27th. They currently have a $115.00 price objective on the semiconductor manufacturer’s stock.
A number of other research analysts also recently issued reports on SWKS. Vetr raised shares of Skyworks Solutions from a buy rating to a strong-buy rating and set a $114.47 price objective on the stock in a research report on Tuesday, August 29th. KeyCorp reaffirmed a buy rating and issued a $120.00 target price on shares of Skyworks Solutions in a research report on Friday, September 1st. Citigroup raised shares of Skyworks Solutions from a sell rating to a buy rating and set a $125.00 target price on the stock in a research report on Tuesday, September 5th. Instinet started coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They issued a buy rating and a $115.00 target price on the stock. Finally, Zacks Investment Research raised shares of Skyworks Solutions from a hold rating to a buy rating and set a $117.00 target price on the stock in a research report on Monday, September 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $116.09.
Skyworks Solutions (NASDAQ SWKS) opened at $98.60 on Wednesday. The stock has a market cap of $18,120.00, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.01 and a beta of 0.83. Skyworks Solutions has a 1 year low of $74.67 and a 1 year high of $117.65.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.
In other Skyworks Solutions news, VP Laura A. Gasparini sold 12,132 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $110.53, for a total transaction of $1,340,949.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Liam Griffin sold 12,141 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the transaction, the chief executive officer now owns 49,514 shares in the company, valued at approximately $5,493,578.30. The disclosure for this sale can be found here. Insiders have sold a total of 161,864 shares of company stock worth $17,246,539 in the last 90 days. Company insiders own 0.49% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. bought a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $126,000. WFG Advisors LP lifted its stake in shares of Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares during the period. Sun Life Financial INC lifted its stake in shares of Skyworks Solutions by 551.5% in the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Skyworks Solutions in the 2nd quarter worth approximately $202,000. Finally, Round Table Services LLC bought a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 81.55% of the company’s stock.
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About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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