Skyworks Solutions, Inc. (NASDAQ:SWKS) Given New $125.00 Price Target at Craig Hallum
Skyworks Solutions, Inc. (NASDAQ:SWKS) had its target price increased by Craig Hallum from $120.00 to $125.00 in a research report released on Friday. The firm currently has a buy rating on the semiconductor manufacturer’s stock.
SWKS has been the subject of a number of other reports. Vetr downgraded Skyworks Solutions from a buy rating to a hold rating and set a $101.62 price target for the company. in a report on Monday, April 3rd. ValuEngine downgraded Skyworks Solutions from a buy rating to a hold rating in a report on Tuesday, May 23rd. Canaccord Genuity boosted their target price on Skyworks Solutions from $105.00 to $115.00 and gave the company a buy rating in a report on Friday, April 28th. Pacific Crest reissued an overweight rating on shares of Skyworks Solutions in a report on Monday, April 24th. Finally, Mizuho reissued a buy rating on shares of Skyworks Solutions in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. Skyworks Solutions has an average rating of Buy and an average price target of $106.66.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded down 0.16% during midday trading on Friday, hitting $107.47. The company had a trading volume of 3,844,869 shares. Skyworks Solutions has a 12 month low of $62.40 and a 12 month high of $112.11. The firm has a market capitalization of $19.83 billion, a PE ratio of 22.15 and a beta of 0.81. The company has a 50-day moving average of $102.89 and a 200 day moving average of $97.40.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a return on equity of 29.13% and a net margin of 27.86%. Skyworks Solutions’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 EPS. On average, analysts expect that Skyworks Solutions will post $6.32 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be issued a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, August 4th. Skyworks Solutions’s dividend payout ratio is currently 21.50%.
In other news, VP Robert John Terry sold 3,233 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $100.26, for a total transaction of $324,140.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine King sold 3,500 shares of the firm’s 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 sale, the director now owns 16,436 shares of the company’s stock, valued at $1,788,894.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,458 shares of company stock valued at $9,512,091. 0.49% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in SWKS. Invictus RG acquired a new stake in shares of Skyworks Solutions during the first quarter valued at $101,000. Winslow Evans & Crocker Inc. increased its stake in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of Skyworks Solutions during the first quarter valued at $107,000. WFG Advisors LP increased its stake in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 181 shares in the last quarter. Finally, TrimTabs Asset Management LLC increased its stake in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 664 shares in the last quarter. Institutional investors own 81.27% of the company’s stock.
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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