Skyworks Solutions Inc. (SWKS) Earns “Equal Weight” Rating from Pacific Crest
Other analysts have also issued research reports about the company. B. Riley reissued a buy rating and set a $93.00 price objective on shares of Skyworks Solutions in a research note on Monday, July 25th. JPMorgan Chase & Co. set a $88.00 target price on Skyworks Solutions and gave the company a hold rating in a report on Sunday. Needham & Company LLC restated a buy rating and set a $84.00 target price (up previously from $73.00) on shares of Skyworks Solutions in a report on Monday. Oppenheimer Holdings Inc. restated an outperform rating and set a $100.00 target price on shares of Skyworks Solutions in a report on Friday, July 15th. Finally, Northland Securities reiterated an outperform rating and issued a $85.00 price objective on shares of Skyworks Solutions in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $84.63.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 77.66 on Monday. The firm has a market capitalization of $14.42 billion, a P/E ratio of 14.99 and a beta of 1.11. The stock has a 50 day moving average of $76.81 and a 200-day moving average of $69.79. Skyworks Solutions has a 1-year low of $54.50 and a 1-year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The business earned $835.40 million during the quarter, compared to analyst estimates of $830.94 million. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. Skyworks Solutions’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 earnings per share. On average, equities analysts expect that Skyworks Solutions will post $6.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.44%. Skyworks Solutions’s payout ratio is presently 21.62%.
In related news, VP Laura A. Gasparini sold 2,650 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $74.84, for a total transaction of $198,326.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bruce J. Freyman sold 3,221 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $75.00, for a total transaction of $241,575.00. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. BancorpSouth Inc raised its stake in Skyworks Solutions by 0.7% in the third quarter. BancorpSouth Inc now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $245,000 after buying an additional 21 shares during the period. New England Research & Management Inc. raised its stake in Skyworks Solutions by 0.8% in the third quarter. New England Research & Management Inc. now owns 5,950 shares of the semiconductor manufacturer’s stock valued at $453,000 after buying an additional 50 shares during the period. Norinchukin Bank The raised its stake in Skyworks Solutions by 0.6% in the third quarter. Norinchukin Bank The now owns 10,038 shares of the semiconductor manufacturer’s stock valued at $764,000 after buying an additional 59 shares during the period. Moody Lynn & Lieberson LLC raised its stake in Skyworks Solutions by 0.8% in the second quarter. Moody Lynn & Lieberson LLC now owns 8,686 shares of the semiconductor manufacturer’s stock valued at $550,000 after buying an additional 65 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its stake in Skyworks Solutions by 2.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,910 shares of the semiconductor manufacturer’s stock valued at $222,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 76.63% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
Receive News & Stock Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related stocks with our FREE daily email newsletter.