Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Free Report) have received a consensus rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $121.27.
Several equities analysts recently commented on SWKS shares. Morgan Stanley boosted their price objective on shares of Skyworks Solutions from $104.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Argus reduced their price objective on shares of Skyworks Solutions from $160.00 to $140.00 in a research note on Wednesday, May 10th. UBS Group reduced their price objective on shares of Skyworks Solutions from $110.00 to $105.00 in a research note on Tuesday, May 9th. Barclays cut shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and set a $115.00 price objective for the company. in a research note on Thursday, July 20th. Finally, B. Riley boosted their price objective on shares of Skyworks Solutions from $93.00 to $102.00 in a research note on Tuesday, August 8th.
View Our Latest Research Report on Skyworks Solutions
Insider Activity at Skyworks Solutions
In other Skyworks Solutions news, CEO Liam Griffin sold 13,211 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $104.08, for a total value of $1,375,000.88. Following the completion of the transaction, the chief executive officer now directly owns 52,540 shares in the company, valued at approximately $5,468,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Skyworks Solutions news, Director Kevin L. Beebe sold 4,851 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.97, for a total value of $504,358.47. Following the completion of the transaction, the director now directly owns 51,855 shares in the company, valued at approximately $5,391,364.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Liam Griffin sold 13,211 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $104.08, for a total transaction of $1,375,000.88. Following the completion of the transaction, the chief executive officer now owns 52,540 shares of the company’s stock, valued at $5,468,363.20. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.
Institutional Trading of Skyworks Solutions
Hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its position in shares of Skyworks Solutions by 3,711.1% in the 1st quarter. Pacer Advisors Inc. now owns 93,257 shares of the semiconductor manufacturer’s stock worth $11,002,000 after buying an additional 90,810 shares during the period. Wealthfront Advisers LLC grew its position in shares of Skyworks Solutions by 10.2% in the 1st quarter. Wealthfront Advisers LLC now owns 7,664 shares of the semiconductor manufacturer’s stock worth $904,000 after buying an additional 710 shares during the period. Krilogy Financial LLC purchased a new stake in shares of Skyworks Solutions in the 1st quarter worth about $201,000. Raymond James Trust N.A. grew its position in shares of Skyworks Solutions by 32.0% in the 1st quarter. Raymond James Trust N.A. now owns 3,013 shares of the semiconductor manufacturer’s stock worth $355,000 after buying an additional 730 shares during the period. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Skyworks Solutions during the 4th quarter valued at about $204,000. 78.70% of the stock is owned by hedge funds and other institutional investors.
Skyworks Solutions Stock Up 0.8 %
SWKS opened at $104.70 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.83 and a quick ratio of 2.31. The company’s 50-day moving average is $109.65 and its 200 day moving average is $109.63. Skyworks Solutions has a fifty-two week low of $76.16 and a fifty-two week high of $123.69. The firm has a market capitalization of $16.69 billion, a P/E ratio of 16.13, a PEG ratio of 0.93 and a beta of 1.27.
Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last announced its quarterly earnings data on Monday, August 7th. The semiconductor manufacturer reported $1.73 EPS for the quarter, topping the consensus estimate of $1.43 by $0.30. Skyworks Solutions had a net margin of 20.97% and a return on equity of 23.89%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $2.12 earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. Research analysts expect that Skyworks Solutions will post 7.44 earnings per share for the current fiscal year.
Skyworks Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, August 29th will be issued a dividend of $0.68 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, August 28th. Skyworks Solutions’s dividend payout ratio is currently 38.21%.
About Skyworks Solutions
(Get Free Report
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, clocks and timings, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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