Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $114.18.

Several research firms have commented on SWKS. B. Riley raised shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $96.00 to $130.00 in a research report on Thursday, June 20th. Susquehanna reissued a “neutral” rating and set a $125.00 price target on shares of Skyworks Solutions in a research report on Wednesday, July 31st. TD Cowen increased their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Craig Hallum increased their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays increased their price target on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th.

Insider Buying and Selling

In related news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the sale, the vice president now directly owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,068 shares of company stock worth $1,252,490. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in SWKS. BNP Paribas acquired a new stake in shares of Skyworks Solutions during the 1st quarter worth approximately $27,000. Innealta Capital LLC acquired a new stake in Skyworks Solutions in the 2nd quarter valued at $27,000. Rothschild Investment LLC acquired a new stake in Skyworks Solutions in the 2nd quarter valued at $27,000. Access Investment Management LLC acquired a new stake in Skyworks Solutions in the 1st quarter valued at $31,000. Finally, Blue Trust Inc. grew its stake in Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Down 1.7 %

Shares of Skyworks Solutions stock opened at $97.76 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $120.86. The firm’s 50-day moving average is $106.72 and its two-hundred day moving average is $102.99. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 4.56 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. During the same period in the prior year, the business earned $1.50 EPS. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. As a group, research analysts expect that Skyworks Solutions will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.86%. The ex-dividend date was Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio is 52.63%.

About Skyworks Solutions

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.