Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have received an average recommendation of “Buy” from the thirty brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $110.60.
Several equities analysts recently commented on SWKS shares. Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price objective for the company in a research report on Monday, June 12th. Craig Hallum increased their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. BidaskClub lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Argus assumed coverage on shares of Skyworks Solutions in a research report on Thursday, July 6th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, B. Riley reiterated a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a report on Monday, July 17th.
Shares of Skyworks Solutions (NASDAQ SWKS) traded up 1.56% during mid-day trading on Monday, hitting $103.18. 1,051,178 shares of the stock were exchanged. Skyworks Solutions has a 52-week low of $65.76 and a 52-week high of $112.11. The stock has a 50-day moving average price of $102.58 and a 200 day moving average price of $100.13. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 19.80 and a beta of 0.82.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The firm had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. Skyworks Solutions’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS. On average, equities research analysts expect that Skyworks Solutions will post $6.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.24%. Skyworks Solutions’s payout ratio is presently 24.57%.
In other news, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the transaction, the insider now directly owns 54,310 shares in the company, valued at approximately $5,719,386.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christine King sold 3,500 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the sale, the director now owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in SWKS. Thrivent Financial for Lutherans increased its stake in shares of Skyworks Solutions by 4.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,410 shares of the semiconductor manufacturer’s stock valued at $479,000 after buying an additional 260 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Skyworks Solutions by 25.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,144,467 shares of the semiconductor manufacturer’s stock worth $85,447,000 after buying an additional 233,163 shares during the last quarter. USA Financial Portformulas Corp bought a new position in shares of Skyworks Solutions during the fourth quarter worth about $1,369,000. Teachers Advisors LLC increased its position in shares of Skyworks Solutions by 24.7% in the fourth quarter. Teachers Advisors LLC now owns 464,483 shares of the semiconductor manufacturer’s stock worth $34,678,000 after buying an additional 92,102 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Skyworks Solutions during the fourth quarter worth $1,007,000. 81.19% of the stock is currently owned by institutional investors and hedge funds.
Skyworks Solutions Company Profile
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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