Skyworks Solutions Inc (NASDAQ:SWKS) shares gapped up prior to trading on Friday . The stock had previously closed at $86.67, but opened at $84.89. Skyworks Solutions shares last traded at $85.40, with a volume of 1,339,364 shares changing hands.
Several analysts recently issued reports on the stock. Charter Equity restated a “hold” rating on shares of Skyworks Solutions in a report on Monday, August 12th. Canaccord Genuity reduced their price objective on shares of Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Cowen upgraded shares of Skyworks Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $95.00 in a report on Thursday. Benchmark assumed coverage on shares of Skyworks Solutions in a report on Friday, September 20th. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, Raymond James upgraded shares of Skyworks Solutions from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $87.21.
The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.67 and a beta of 1.04. The firm has a 50-day simple moving average of $78.42 and a two-hundred day simple moving average of $79.44.
Skyworks Solutions (NASDAQ:SWKS) last released 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 during the quarter, compared to the consensus estimate of $767.71 million. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. Skyworks Solutions’s revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. On average, sell-side analysts anticipate that Skyworks Solutions Inc will post 5.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.06%. Skyworks Solutions’s payout ratio is currently 26.55%.
In other news, SVP Robert John Terry sold 3,250 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $79.68, for a total transaction of $258,960.00. Following the completion of the transaction, the senior vice president now directly owns 15,326 shares of the company’s stock, valued at $1,221,175.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $85.88, for a total value of $858,800.00. Following the transaction, the director now directly owns 213,032 shares of the company’s stock, valued at $18,295,188.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,749 shares of company stock valued at $2,701,484. Corporate insiders own 0.64% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Next Capital Management LLC grew its position in shares of Skyworks Solutions by 118.7% during the second quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 184 shares in the last quarter. Cribstone Capital Management LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $37,000. Stonebridge Capital Advisors LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $37,000. Griffin Asset Management Inc. acquired a new position in Skyworks Solutions in the second quarter valued at approximately $42,000. Finally, Accurate Investment Solutions Inc. boosted its holdings in Skyworks Solutions by 42.5% in the second quarter. Accurate Investment Solutions Inc. now owns 580 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 173 shares in the last quarter. 80.55% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Company Profile (NASDAQ:SWKS)
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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