Skyworks Solutions (NASDAQ:SWKS) had its target price trimmed by Craig Hallum from $120.00 to $105.00 in a research report report published on Friday morning, MarketBeat.com reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other brokerages have also recently issued reports on SWKS. Oppenheimer lowered their target price on Skyworks Solutions from $120.00 to $110.00 and set an outperform rating for the company in a report on Friday. Charter Equity reaffirmed a market perform rating on shares of Skyworks Solutions in a report on Friday. Cowen reaffirmed a hold rating on shares of Skyworks Solutions in a report on Friday. BidaskClub cut Skyworks Solutions from a sell rating to a strong sell rating in a report on Friday, August 17th. Finally, Barclays lowered their target price on Skyworks Solutions from $120.00 to $105.00 and set an overweight rating for the company in a report on Tuesday, October 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $107.79.

Shares of Skyworks Solutions stock traded down $6.74 during trading on Friday, reaching $76.66. 8,436,241 shares of the company’s stock were exchanged, compared to its average volume of 1,960,861. Skyworks Solutions has a 1-year low of $75.15 and a 1-year high of $115.98. The stock has a market capitalization of $14.79 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 0.82 and a beta of 0.64.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Skyworks Solutions will post 7.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 26th. This represents a $1.52 annualized dividend and a dividend yield of 1.98%. Skyworks Solutions’s payout ratio is 22.93%.

In related news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $88.78, for a total transaction of $266,340.00. Following the sale, the director now owns 145,252 shares in the company, valued at approximately $12,895,472.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $92.89, for a total value of $928,900.00. Following the sale, the director now owns 152,252 shares in the company, valued at approximately $14,142,688.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,500 shares of company stock worth $3,126,050. 0.47% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Vulcan Value Partners LLC boosted its holdings in Skyworks Solutions by 21.8% in the second quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock worth $636,129,000 after acquiring an additional 1,179,670 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Skyworks Solutions by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock worth $296,944,000 after acquiring an additional 185,039 shares in the last quarter. LSV Asset Management boosted its holdings in Skyworks Solutions by 3,665.0% in the third quarter. LSV Asset Management now owns 1,852,400 shares of the semiconductor manufacturer’s stock worth $168,031,000 after acquiring an additional 1,803,200 shares in the last quarter. Manning & Napier Group LLC boosted its holdings in Skyworks Solutions by 2.0% in the second quarter. Manning & Napier Group LLC now owns 1,451,579 shares of the semiconductor manufacturer’s stock worth $140,293,000 after acquiring an additional 28,220 shares in the last quarter. Finally, FMR LLC boosted its holdings in Skyworks Solutions by 22.6% in the third quarter. FMR LLC now owns 1,434,635 shares of the semiconductor manufacturer’s stock worth $130,136,000 after acquiring an additional 264,346 shares in the last quarter. Institutional investors own 80.71% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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