Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Target Price at $107.19

Skyworks Solutions, Inc. (NASDAQ:SWKS) has earned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $107.19.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. StockNews.com downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $90.00 price objective (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st.

Insider Buying and Selling

In related news, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the sale, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Liam Griffin bought 11,142 shares of the stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at $9,373,770. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the sale, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after buying an additional 745,374 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Skyworks Solutions by 27.5% during the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock valued at $371,445,000 after buying an additional 740,048 shares during the last quarter. FIL Ltd boosted its holdings in shares of Skyworks Solutions by 2.4% during the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after purchasing an additional 64,389 shares during the last quarter. Norges Bank acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $226,266,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Skyworks Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after purchasing an additional 185,355 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 2.2 %

Skyworks Solutions stock opened at $112.33 on Wednesday. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The company has a market capitalization of $18.02 billion, a P/E ratio of 21.11, a PEG ratio of 5.27 and a beta of 1.23. The stock has a 50-day simple moving average of $98.97 and a 200-day simple moving average of $102.51.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Equities research analysts expect that Skyworks Solutions will post 5.14 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, May 20th. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

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.