Skyworks Solutions’ (SWKS) “Equal Weight” Rating Reaffirmed at Pacific Crest
Other analysts have also issued reports about the company. Vetr lowered Skyworks Solutions from a strong-buy rating to a buy rating and set a $70.16 price target on the stock. in a report on Monday, July 11th. Drexel Hamilton reiterated a buy rating on shares of Skyworks Solutions in a report on Wednesday, July 6th. Brean Capital reiterated a buy rating on shares of Skyworks Solutions in a report on Wednesday, June 15th. B. Riley lowered Skyworks Solutions to a buy rating in a report on Monday, June 13th. Finally, Needham & Company LLC restated a buy rating and issued a $73.00 target price on shares of Skyworks Solutions in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Skyworks Solutions presently has an average rating of Buy and an average target price of $83.04.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 75.72 on Thursday. Skyworks Solutions has a 12 month low of $54.50 and a 12 month high of $89.72. The company’s 50 day moving average price is $71.14 and its 200 day moving average price is $69.27. The company has a market capitalization of $14.20 billion, a P/E ratio of 15.00 and a beta of 1.15.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the Zacks’ 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 expect that Skyworks Solutions will post $5.53 EPS for the current fiscal year.
The business also recently announced 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 1.48%. The ex-dividend date was Tuesday, August 2nd. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.26. Skyworks Solutions’s payout ratio is 22.18%.
In other 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 owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 approximately $8,343,843.42. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in SWKS. Royal London Asset Management Ltd. raised its stake in Skyworks Solutions by 4.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 93,810 shares of the semiconductor manufacturer’s stock worth $7,429,000 after buying an additional 3,582 shares during the period. Stifel Financial Corp raised its stake in Skyworks Solutions by 69.3% in the fourth quarter. Stifel Financial Corp now owns 64,188 shares of the semiconductor manufacturer’s stock worth $5,494,000 after buying an additional 26,267 shares during the period. Pioneer Investment Management Inc. raised its stake in Skyworks Solutions by 61.6% in the fourth quarter. Pioneer Investment Management Inc. now owns 158,380 shares of the semiconductor manufacturer’s stock worth $12,168,000 after buying an additional 60,347 shares during the period. Norges Bank bought a new stake in Skyworks Solutions during the fourth quarter worth $129,236,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Skyworks Solutions by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 162,518 shares of the semiconductor manufacturer’s stock worth $12,660,000 after buying an additional 3,911 shares during the period. 76.66% of the stock is owned by institutional investors.
About Skyworks Solutions
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.
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