Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Average Rating of “Buy” from Analysts
Skyworks Solutions, Inc. (NASDAQ:SWKS) has earned an average rating of “Buy” from the thirty brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $110.60.
A number of research analysts have recently commented on SWKS shares. Mizuho reiterated a “buy” rating on shares of Skyworks Solutions in a report on Friday, April 28th. Charter Equity reiterated a “buy” rating on shares of Skyworks Solutions in a report on Saturday, April 29th. Craig Hallum increased their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, April 28th. Pacific Crest reiterated an “overweight” rating on shares of Skyworks Solutions in a report on Monday, April 24th. Finally, ValuEngine downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 101.60 on Friday. The firm has a 50-day moving average price of $102.58 and a 200 day moving average price of $100.04. Skyworks Solutions has a one year low of $65.76 and a one year high of $112.11. The firm has a market cap of $18.67 billion, a P/E ratio of 19.50 and a beta of 0.82.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $890.58 million. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts forecast that Skyworks Solutions will post $6.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be issued a $0.32 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, August 4th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 24.57%.
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In related news, Director Christine King sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the transaction, the director now directly owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total value of $848,377.36. Following the completion of the transaction, the insider now directly owns 54,310 shares of the company’s stock, valued at $5,719,386.10. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Invictus RG purchased a new position in Skyworks Solutions during the first quarter valued at $101,000. Winslow Evans & Crocker Inc. increased its position in 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 during the last quarter. Tompkins Financial Corp purchased a new position in Skyworks Solutions during the first quarter valued at $107,000. WFG Advisors LP increased its position in 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 during the last quarter. Finally, TrimTabs Asset Management LLC increased its position in 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 during the last quarter. 81.19% of the stock is owned by hedge funds and other institutional investors.
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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