Skyworks Solutions’ (SWKS) “Outperform” Rating Reiterated at Northland Securities
Northland Securities reiterated their outperform rating on shares of Skyworks Solutions Inc. (NASDAQ:SWKS) in a report released on Monday. The brokerage currently has a $85.00 target price on the semiconductor manufacturer’s stock.
Other analysts have also recently issued reports about the company. Oppenheimer Holdings Inc. restated an outperform rating and issued a $100.00 target price on shares of Skyworks Solutions in a research report on Friday, September 16th. Brean Capital reaffirmed a buy rating on shares of Skyworks Solutions in a research note on Wednesday, September 21st. Pacific Crest reissued an equal weight rating on shares of Skyworks Solutions in a research note on Thursday, September 15th. Vetr raised Skyworks Solutions from a sell rating to a hold rating and set a $80.30 price objective for the company in a research note on Tuesday, October 11th. Finally, Drexel Hamilton reissued a buy rating and set a $90.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $84.63.
Skyworks Solutions (NASDAQ:SWKS) opened at 77.66 on Monday. Skyworks Solutions has a 1-year low of $54.50 and a 1-year high of $88.52. The company has a 50-day moving average price of $76.81 and a 200 day moving average price of $69.79. The firm has a market capitalization of $14.42 billion, a P/E ratio of 14.99 and a beta of 1.11.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. The business had revenue of $835.40 million for the quarter, compared to analysts’ expectations of $830.94 million. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. Analysts expect that Skyworks Solutions will post $6.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid 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 yield of 1.44%. Skyworks Solutions’s dividend payout ratio is currently 21.62%.
In related news, Director Timothy R. Furey sold 5,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $74.87, for a total transaction of $374,350.00. Following the completion of the sale, the director now directly owns 34,947 shares in the company, valued at approximately $2,616,481.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Laura A. Gasparini sold 2,650 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $74.84, for a total transaction of $198,326.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. BKS Advisors LLC bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $101,000. Investment Counselors of Maryland LLC acquired a new position in shares of Skyworks Solutions during the third quarter valued at about $102,000. Canada Pension Plan Investment Board raised its position in shares of Skyworks Solutions by 1,084.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,338 shares of the semiconductor manufacturer’s stock valued at $102,000 after buying an additional 1,225 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in shares of Skyworks Solutions by 190.5% in the third quarter. Kistler Tiffany Companies LLC now owns 1,525 shares of the semiconductor manufacturer’s stock valued at $116,000 after buying an additional 1,000 shares during the last quarter. 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.
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