ValuEngine upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a hold rating to a buy rating in a report published on Wednesday.

SWKS has been the topic of a number of other reports. Vetr upgraded shares of Skyworks Solutions from a hold rating to a buy rating and set a $118.57 price objective on the stock in a research note on Tuesday, November 7th. Zacks Investment Research lowered shares of Skyworks Solutions from a hold rating to a sell rating in a research note on Wednesday, January 10th. DA Davidson restated a buy rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Barclays lifted their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an overweight rating in a research note on Wednesday, October 18th. Finally, Needham & Company LLC restated a buy rating on shares of Skyworks Solutions in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the stock. Skyworks Solutions presently has a consensus rating of Buy and a consensus target price of $115.93.

Shares of Skyworks Solutions (NASDAQ SWKS) opened at $101.35 on Wednesday. Skyworks Solutions has a one year low of $90.53 and a one year high of $117.65. The company has a market cap of $18,620.00, a price-to-earnings ratio of 22.98, a P/E/G ratio of 0.98 and a beta of 0.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Monday, November 6th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. The company had revenue of $984.60 million for the quarter, compared to analyst estimates of $980.58 million. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.17%. research analysts expect that Skyworks Solutions will post 6.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, February 21st. Skyworks Solutions’s payout ratio is 29.02%.

Skyworks Solutions announced that its Board of Directors has authorized a stock buyback plan on Monday, February 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, SVP Robert John Terry sold 7,986 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $110.32, for a total transaction of $881,015.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Carlos S. Bori sold 2,151 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total transaction of $230,587.20. Following the sale, the senior vice president now directly owns 9,372 shares in the company, valued at approximately $1,004,678.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,664 shares of company stock worth $18,031,219. Insiders own 0.49% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans raised its position in Skyworks Solutions by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 6,960 shares of the semiconductor manufacturer’s stock worth $668,000 after acquiring an additional 170 shares during the last quarter. Numeric Investors LLC acquired a new position in Skyworks Solutions during the second quarter worth about $345,000. Macquarie Group Ltd. raised its position in Skyworks Solutions by 68.9% during the second quarter. Macquarie Group Ltd. now owns 27,200 shares of the semiconductor manufacturer’s stock worth $2,609,000 after acquiring an additional 11,100 shares during the last quarter. Janus Henderson Group PLC raised its position in Skyworks Solutions by 765.4% during the second quarter. Janus Henderson Group PLC now owns 232,209 shares of the semiconductor manufacturer’s stock worth $22,280,000 after acquiring an additional 205,377 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in Skyworks Solutions during the second quarter worth about $393,000. 81.77% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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