Several other brokerages also recently commented on SWKS. Raymond James raised Skyworks Solutions from a market perform rating to an outperform rating and set a $90.00 target price on the stock in a report on Thursday, July 18th. Canaccord Genuity decreased their target price on Skyworks Solutions from $83.00 to $82.00 and set a buy rating on the stock in a report on Thursday, August 8th. Barclays lowered Skyworks Solutions from an overweight rating to an equal weight rating and raised their target price for the company from $75.00 to $80.00 in a research note on Thursday, July 18th. Mizuho cut their price target on Skyworks Solutions from $89.00 to $75.00 and set a neutral rating for the company in a report on Wednesday, June 5th. Finally, MKM Partners reduced their price target on shares of Skyworks Solutions to $90.00 and set a buy rating on the stock in a research report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $86.40.
SWKS opened at $80.30 on Friday. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.70 and a beta of 1.02. The firm’s 50-day simple moving average is $78.68 and its 200-day simple moving average is $79.74. Skyworks Solutions has a twelve month low of $60.12 and a twelve month high of $94.39.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.14. The firm had revenue of $767.00 million during the quarter, compared to the consensus estimate of $767.71 million. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The firm’s quarterly revenue was down 14.2% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS. As a group, sell-side analysts predict that Skyworks Solutions will post 5.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, August 26th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s dividend payout ratio (DPR) is 26.55%.
In other news, Director Timothy R. Furey sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $73.51, for a total value of $183,775.00. Following the transaction, the director now directly owns 24,324 shares in the company, valued at approximately $1,788,057.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 5,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $75.50, for a total value of $377,500.00. Following the completion of the transaction, the director now owns 208,032 shares in the company, valued at $15,706,416. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,499 shares of company stock valued at $3,896,149. 0.64% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in SWKS. Garrison Point Advisors LLC grew its position in shares of Skyworks Solutions by 2.2% in the 1st quarter. Garrison Point Advisors LLC now owns 5,690 shares of the semiconductor manufacturer’s stock valued at $469,000 after purchasing an additional 120 shares during the period. Xact Kapitalforvaltning AB lifted its stake in Skyworks Solutions by 0.3% in the first quarter. Xact Kapitalforvaltning AB now owns 48,916 shares of the semiconductor manufacturer’s stock valued at $4,035,000 after buying an additional 124 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Skyworks Solutions by 10.1% in the second quarter. Parallel Advisors LLC now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $115,000 after buying an additional 136 shares during the period. Cerebellum GP LLC boosted its holdings in shares of Skyworks Solutions by 3.9% in the first quarter. Cerebellum GP LLC now owns 3,916 shares of the semiconductor manufacturer’s stock valued at $323,000 after buying an additional 146 shares during the period. Finally, MML Investors Services LLC increased its position in shares of Skyworks Solutions by 2.3% during the second quarter. MML Investors Services LLC now owns 7,344 shares of the semiconductor manufacturer’s stock worth $567,000 after acquiring an additional 168 shares in the last quarter. 80.66% of the stock is owned by institutional investors and hedge funds.
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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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