Somewhat Positive Press Coverage Somewhat Unlikely to Impact Skyworks Solutions (SWKS) Share Price
Headlines about Skyworks Solutions (NASDAQ:SWKS) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Skyworks Solutions earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the semiconductor manufacturer an impact score of 45.9950882614588 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Notable Thursday Option Activity: BAC, SWKS, MU (marketnewsvideo.com)
- Does Skyworks Have a Breakout Solution? (finance.yahoo.com)
- Skyworks Solutions, Inc. (SWKS) Rating Reiterated by Craig Hallum (americanbankingnews.com)
- Skyworks Solutions, Inc. (SWKS) Receives “Overweight” Rating from KeyCorp (americanbankingnews.com)
- Acacia Communications Appoints David J. Aldrich to Board of Directors (feeds.benzinga.com)
A number of research firms recently issued reports on SWKS. B. Riley restated a “buy” rating and issued a $120.00 target price on shares of Skyworks Solutions in a report on Monday, July 17th. BidaskClub upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Barclays PLC restated an “overweight” rating on shares of Skyworks Solutions in a report on Friday, July 21st. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 target price for the company. in a report on Monday, July 17th. Finally, Cowen and Company restated a “market perform” rating and issued a $110.00 target price on shares of Skyworks Solutions in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and a consensus price target of $111.83.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 2.31% during mid-day trading on Friday, hitting $109.55. 2,366,271 shares of the company were exchanged. The stock’s 50-day moving average price is $104.40 and its 200 day moving average price is $102.14. The stock has a market cap of $20.13 billion, a PE ratio of 21.03 and a beta of 0.81. Skyworks Solutions has a 12-month low of $71.65 and a 12-month high of $112.11.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the 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 company had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. During the same period in the prior year, the business earned $1.24 earnings per share. Skyworks Solutions’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that Skyworks Solutions will post $6.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.17%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, August 4th. Skyworks Solutions’s dividend payout ratio is currently 24.57%.
In other news, Director Christine King sold 3,705 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now directly owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Liam Griffin sold 8,056 shares of the 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 sale, 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. Insiders sold 14,371 shares of company stock valued at $1,505,093 over the last three months. 0.49% of the stock is owned by company insiders.
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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