Skyworks Solutions’ (SWKS) “Outperform” Rating Reaffirmed at Charter Equity
SWKS has been the topic of a number of other research reports. Vetr downgraded Skyworks Solutions from a buy rating to a hold rating and set a $101.62 price target on the stock. 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. Craig Hallum boosted their price target on Skyworks Solutions from $100.00 to $110.00 and gave the company a buy rating in a report on Tuesday, April 4th. Canaccord Genuity boosted their price target on Skyworks Solutions from $105.00 to $115.00 and gave the company a buy rating in a report on Friday, April 28th. Finally, Pacific Crest restated an overweight rating on shares of Skyworks Solutions in a report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. Skyworks Solutions has an average rating of Buy and a consensus price target of $106.74.
Skyworks Solutions (SWKS) traded down 0.16% during midday trading on Friday, reaching $107.47. The company had a trading volume of 3,844,869 shares. The company has a 50-day moving average price of $102.89 and a 200-day moving average price of $97.40. Skyworks Solutions has a one year low of $62.40 and a one year high of $112.11. The stock has a market capitalization of $19.80 billion, a price-to-earnings ratio of 20.63 and a beta of 0.81.
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, beating analysts’ consensus estimates of $1.52 by $0.05. Skyworks Solutions had a return on equity of 29.13% and a net margin of 27.86%. The company had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. During the same quarter in the previous year, the business earned $1.24 EPS. Skyworks Solutions’s revenue was up 19.8% compared to the same quarter last year. On average, equities analysts expect that Skyworks Solutions will post $6.32 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.19%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, August 4th. Skyworks Solutions’s dividend payout ratio is 21.50%.
In other news, insider Liam Griffin sold 21,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $100.25, for a total value of $2,105,250.00. Following the completion of the sale, the insider now directly owns 74,782 shares in the company, valued at approximately $7,496,895.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David J. Aldrich sold 47,475 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $102.00, for a total value of $4,842,450.00. Following the completion of the sale, the insider now owns 191,731 shares of the company’s stock, valued at $19,556,562. The disclosure for this sale can be found here. Insiders sold a total of 93,458 shares of company stock valued at $9,512,091 over the last 90 days. 0.49% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised 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 worth $479,000 after buying an additional 260 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake 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 acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth about $1,369,000. Teachers Advisors LLC raised its stake 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 during the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth about $1,007,000. Institutional investors and hedge funds own 81.27% of the company’s stock.
About Skyworks Solutions
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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