Skyworks Solutions’ (SWKS) “Outperform” Rating Reiterated at Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc. reaffirmed their outperform rating on shares of Skyworks Solutions Inc. (NASDAQ:SWKS) in a report issued on Monday morning. Oppenheimer Holdings Inc. currently has a $100.00 target price on the semiconductor manufacturer’s stock.
Other equities analysts also recently issued research reports about the company. B. Riley restated a buy rating and set a $93.00 target price on shares of Skyworks Solutions in a report on Monday, July 25th. JPMorgan Chase & Co. set a $88.00 price objective on Skyworks Solutions and gave the stock a hold rating in a report on Sunday. Needham & Company LLC reiterated a buy rating and issued a $84.00 price objective (up previously from $73.00) on shares of Skyworks Solutions in a report on Monday. Northland Securities reiterated an outperform rating and issued a $85.00 price objective on shares of Skyworks Solutions in a report on Monday. Finally, Brean Capital reiterated a buy rating and issued a $85.00 price objective on shares of Skyworks Solutions in a report on Monday. 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 stock. Skyworks Solutions currently has a consensus 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 12-month low of $54.50 and a 12-month high of $88.52. The firm’s 50-day moving average is $76.81 and its 200 day moving average is $69.79. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 14.99 and a beta of 1.11.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The company earned $835.40 million during the quarter, compared to the consensus estimate of $830.94 million. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. On average, equities analysts expect that Skyworks Solutions will post $6.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.44%. Skyworks Solutions’s payout ratio is currently 21.62%.
In related news, VP Laura A. Gasparini sold 2,650 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $74.84, for a total value of $198,326.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bruce J. Freyman sold 36,272 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $80.00, for a total value of $2,901,760.00. Following the completion of the sale, the executive vice president now directly owns 41,675 shares of the company’s stock, valued at approximately $3,334,000. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.
Several large investors have recently bought and sold shares of SWKS. Shell Asset Management Co. boosted its stake in Skyworks Solutions by 67.5% in the second quarter. Shell Asset Management Co. now owns 22,867 shares of the semiconductor manufacturer’s stock valued at $1,447,000 after buying an additional 9,213 shares in the last quarter. PGGM Investments boosted its stake in Skyworks Solutions by 116.7% in the second quarter. PGGM Investments now owns 576,392 shares of the semiconductor manufacturer’s stock valued at $36,474,000 after buying an additional 310,401 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in Skyworks Solutions during the first quarter valued at approximately $27,265,000. HL Financial Services LLC boosted its stake in Skyworks Solutions by 8.2% in the second quarter. HL Financial Services LLC now owns 46,481 shares of the semiconductor manufacturer’s stock valued at $2,941,000 after buying an additional 3,504 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Skyworks Solutions by 2,079.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,237 shares of the semiconductor manufacturer’s stock valued at $458,000 after buying an additional 6,905 shares in the last quarter. 76.63% of the stock is owned by hedge funds and other institutional investors.
About Skyworks Solutions
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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