Skyworks Solutions (NASDAQ: SWKS) has recently received a number of price target changes and ratings updates:

  • 8/4/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $115.00 price target on the stock.
  • 8/3/2017 – Skyworks Solutions was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/3/2017 – Skyworks Solutions was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $117.35 price target on the stock.
  • 7/31/2017 – Skyworks Solutions had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/26/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $115.00 price target on the stock.
  • 7/24/2017 – Skyworks Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $121.00 price target on the stock. According to Zacks, “Skyworks reported strong third-quarter fiscal 2017 results. Both earnings and revenues increased on a year-over-year basis. Strong demand for Wi-Fi, Zigbee and LTE solutions have helped the company to gain traction. Management provided optimistic guidance for the fourth-quarter. We expect improving growth prospects to help the stock’s momentum in the rest of 2017 and beyond. We note that Skyworks has outperformed the broader market on a year-to-date basis. Further, strategic design wins in IoT, automotive and 5G markets to remain significant positives for the company in the long haul. However, heavy investments in R&D are escalating operating expenses, which is affecting margins. Significant pricing pressure, technological obsolescence and high concentration risks remain additional headwinds.”
  • 7/24/2017 – Skyworks Solutions had its “sell” rating reaffirmed by analysts at Citigroup Inc.. They now have a $90.00 price target on the stock, up previously from $84.00.
  • 7/22/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $130.00 price target on the stock.
  • 7/22/2017 – Skyworks Solutions had its “outperform” rating reaffirmed by analysts at Charter Equity.
  • 7/22/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $117.00 price target on the stock, up previously from $115.00.
  • 7/21/2017 – Skyworks Solutions had its price target raised by analysts at Bank of America Corporation from $115.00 to $120.00. They now have a “buy” rating on the stock.
  • 7/21/2017 – Skyworks Solutions had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $110.00 price target on the stock.
  • 7/21/2017 – Skyworks Solutions had its price target raised by analysts at Craig Hallum from $120.00 to $125.00. They now have a “buy” rating on the stock.
  • 7/21/2017 – Skyworks Solutions had its price target raised by analysts at Mizuho from $115.00 to $120.00. They now have a “buy” rating on the stock.
  • 7/21/2017 – Skyworks Solutions had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $100.00 price target on the stock.
  • 7/21/2017 – Skyworks Solutions had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 7/18/2017 – Skyworks Solutions was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $116.28 price target on the stock.
  • 7/17/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $120.00 price target on the stock.
  • 7/17/2017 – Skyworks Solutions was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $116.12 price target on the stock.
  • 7/16/2017 – Skyworks Solutions was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/12/2017 – Skyworks Solutions had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $120.00 price target on the stock.
  • 7/6/2017 – Skyworks Solutions is now covered by analysts at Argus. They set a “buy” rating and a $120.00 price target on the stock.
  • 6/29/2017 – Skyworks Solutions was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/21/2017 – Skyworks Solutions had its “overweight” rating reaffirmed by analysts at Pacific Crest. They now have a $120.00 price target on the stock.
  • 6/16/2017 – Skyworks Solutions had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $120.00 price target on the stock.
  • 6/12/2017 – Skyworks Solutions was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $113.68 price target on the stock.

Skyworks Solutions, Inc. (SWKS) traded down 3.00% during trading on Thursday, reaching $101.60. 1,650,760 shares of the company were exchanged. The firm’s 50 day moving average price is $102.63 and its 200-day moving average price is $100.03. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 19.50 and a beta of 0.82. Skyworks Solutions, Inc. has a one year low of $65.76 and a one year high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. During the same period in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts predict that Skyworks Solutions, Inc. will post $6.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a $0.32 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, August 4th. Skyworks Solutions’s payout ratio is currently 24.57%.

In other news, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the sale, the insider now directly owns 54,310 shares in the company, valued at $5,719,386.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine King sold 3,500 shares of the company’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 in the company, valued at $1,788,894.24. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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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