Vetr downgraded shares of Skyworks Solutions Inc. (NASDAQ:SWKS) from a buy rating to a hold rating in a report published on Thursday. Vetr currently has $77.08 target price on the semiconductor manufacturer’s stock.

Other equities analysts have also issued research reports about the company. B. Riley reissued a buy rating and issued a $93.00 price objective on shares of Skyworks Solutions in a research note on Monday, July 25th. Oppenheimer Holdings Inc. reissued an outperform rating and issued a $100.00 price objective on shares of Skyworks Solutions in a research note on Friday, July 15th. BMO Capital Markets reissued a market perform rating and issued a $69.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, May 31st. Credit Agricole SA raised Skyworks Solutions from an underperform rating to an outperform rating and boosted their price objective for the stock from $73.00 to $77.00 in a research note on Tuesday, August 9th. Finally, Mizuho lowered Skyworks Solutions from a buy rating to a neutral rating and reduced their price objective for the stock from $99.00 to $68.00 in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Skyworks Solutions presently has an average rating of Buy and a consensus price target of $83.04.

Skyworks Solutions (NASDAQ:SWKS) opened at 76.09 on Thursday. The company has a 50-day moving average price of $70.87 and a 200-day moving average price of $69.25. Skyworks Solutions has a 52 week low of $54.50 and a 52 week high of $89.72. The stock has a market cap of $14.27 billion, a PE ratio of 15.07 and a beta of 1.15.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The business had revenue of $751.70 million for the quarter, compared to analyst estimates of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Analysts anticipate that Skyworks Solutions will post $5.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.47%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, August 2nd. Skyworks Solutions’s payout ratio is currently 22.18%.

In related news, Director Timothy R. Furey sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $74.87, for a total value of $374,350.00. Following the completion of the sale, the director now directly owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David J. Aldrich sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $59.46, for a total value of $891,900.00. Following the completion of the sale, the chairman now directly owns 140,327 shares of the company’s stock, valued at $8,343,843.42. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of SWKS. Moody Lynn & Lieberson LLC raised its stake in shares of Skyworks Solutions by 0.8% in the second quarter. Moody Lynn & Lieberson LLC now owns 8,686 shares of the semiconductor manufacturer’s stock worth $550,000 after buying an additional 65 shares during the last quarter. Ranger Investment Management L.P. raised its stake in shares of Skyworks Solutions by 1.7% in the second quarter. Ranger Investment Management L.P. now owns 5,540 shares of the semiconductor manufacturer’s stock worth $351,000 after buying an additional 90 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Skyworks Solutions by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 33,300 shares of the semiconductor manufacturer’s stock worth $2,107,000 after buying an additional 100 shares during the last quarter. Conning Inc. raised its stake in shares of Skyworks Solutions by 2.3% in the second quarter. Conning Inc. now owns 4,890 shares of the semiconductor manufacturer’s stock worth $309,000 after buying an additional 110 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Skyworks Solutions by 1.9% in the first quarter. Stratos Wealth Partners LTD. now owns 6,006 shares of the semiconductor manufacturer’s stock worth $468,000 after buying an additional 113 shares during the last quarter. 76.67% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

To view Vetr’s full report, visit Vetr’s official website.

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