Skyworks Solutions, Inc. (SWKS) Earns “Buy” Rating from Craig Hallum
A number of other research analysts also recently issued reports on SWKS. B. Riley reissued a buy rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research note on Saturday, July 22nd. Vetr downgraded Skyworks Solutions from a strong-buy rating to a buy rating and set a $113.85 price objective on the stock. in a research note on Monday, August 14th. Needham & Company LLC reissued a buy rating and issued a $110.00 price objective on shares of Skyworks Solutions in a research note on Sunday, September 17th. BidaskClub raised Skyworks Solutions from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. Finally, Northland Securities reissued a buy rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $111.82.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 103.08 on Thursday. Skyworks Solutions has a one year low of $71.65 and a one year high of $112.11. The company has a market capitalization of $18.94 billion, a P/E ratio of 19.79 and a beta of 0.81. The firm has a 50 day moving average price of $104.54 and a 200 day moving average price of $102.42.
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 analysts’ consensus estimates of $1.52 by $0.05. The company had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. On average, equities research analysts predict that Skyworks Solutions will post $6.39 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th were paid a $0.32 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.24%. Skyworks Solutions’s dividend payout ratio is presently 24.57%.
In related news, insider Liam Griffin sold 2,610 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total value of $260,947.80. Following the transaction, the insider now owns 50,408 shares in the company, valued at $5,039,791.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the transaction, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,371 shares of company stock worth $1,505,093. 0.49% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of SWKS. Waldron LP lifted its stake in Skyworks Solutions by 5.7% in the first quarter. Waldron LP now owns 3,076 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 165 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Skyworks Solutions by 2,159.1% in the first quarter. Canada Pension Plan Investment Board now owns 11,612 shares of the semiconductor manufacturer’s stock valued at $1,138,000 after purchasing an additional 11,098 shares during the last quarter. Empire Life Investments Inc. purchased a new position in Skyworks Solutions in the first quarter valued at approximately $9,031,000. American Century Companies Inc. lifted its stake in Skyworks Solutions by 99.7% in the first quarter. American Century Companies Inc. now owns 11,252 shares of the semiconductor manufacturer’s stock valued at $1,102,000 after purchasing an additional 5,617 shares during the last quarter. Finally, TrimTabs Asset Management LLC lifted its stake 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 purchasing an additional 664 shares during the last quarter. Institutional investors and hedge funds own 80.84% 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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