BidaskClub upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a hold rating to a buy rating in a research report report published on Wednesday, BidAskClub reports.
Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Skyworks Solutions from $80.00 to $82.00 and gave the company a neutral rating in a report on Thursday, August 8th. Charter Equity reissued a hold rating on shares of Skyworks Solutions in a research note on Monday, August 12th. Barclays downgraded shares of Skyworks Solutions from an overweight rating to an equal weight rating and boosted their price target for the company from $75.00 to $80.00 in a research note on Thursday, July 18th. Benchmark started coverage on shares of Skyworks Solutions in a research note on Friday, September 20th. They issued a buy rating and a $94.00 price target on the stock. Finally, Raymond James raised shares of Skyworks Solutions from a market perform rating to an outperform rating and set a $90.00 price target on the stock in a research note on Thursday, July 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $87.21.
NASDAQ:SWKS opened at $83.64 on Wednesday. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.71 and a beta of 1.04. The company’s 50-day moving average is $78.27 and its two-hundred day moving average is $79.43. Skyworks Solutions has a 1-year low of $60.12 and a 1-year high of $94.39.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.14. The company had revenue of $767.00 million for the quarter, compared to analyst estimates of $767.71 million. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. Skyworks Solutions’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. Sell-side analysts anticipate that Skyworks Solutions will post 5.72 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Monday, August 26th. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s payout ratio is 26.55%.
In other Skyworks Solutions news, Director David J. Aldrich sold 999 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $76.45, for a total transaction of $76,373.55. Following the completion of the transaction, the director now owns 204,031 shares in the company, valued at approximately $15,598,169.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert John Terry sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $79.68, for a total transaction of $258,960.00. Following the transaction, the senior vice president now owns 15,326 shares of the company’s stock, valued at approximately $1,221,175.68. The disclosure for this sale can be found here. Insiders have sold a total of 37,749 shares of company stock valued at $3,098,184 in the last quarter. 0.64% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Orrstown Financial Services Inc. boosted its holdings in shares of Skyworks Solutions by 9.0% in the 3rd quarter. Orrstown Financial Services Inc. now owns 1,633 shares of the semiconductor manufacturer’s stock valued at $123,000 after buying an additional 135 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Skyworks Solutions by 10.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $115,000 after buying an additional 136 shares in the last quarter. Cerebellum GP LLC boosted its holdings in shares of Skyworks Solutions by 3.9% in the 1st quarter. Cerebellum GP LLC now owns 3,916 shares of the semiconductor manufacturer’s stock valued at $323,000 after buying an additional 146 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its holdings in shares of Skyworks Solutions by 1.1% in the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 13,443 shares of the semiconductor manufacturer’s stock valued at $1,062,000 after buying an additional 150 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Skyworks Solutions by 2.3% in the 2nd quarter. MML Investors Services LLC now owns 7,344 shares of the semiconductor manufacturer’s stock valued at $567,000 after buying an additional 168 shares in the last quarter. Institutional investors own 80.55% of the company’s stock.
Skyworks Solutions Company Profile
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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