Vetr Inc. Downgrades Skyworks Solutions Inc. (SWKS) to Buy
Skyworks Solutions Inc. (NASDAQ:SWKS) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. They presently have a $83.04 price objective on the semiconductor manufacturer’s stock. Vetr‘s price target would suggest a potential upside of 9.36% from the stock’s previous close.
A number of other research analysts also recently commented on SWKS. JPMorgan Chase & Co. set a $88.00 price target on Skyworks Solutions and gave the company a “hold” rating in a report on Sunday, November 6th. B. Riley restated a “buy” rating and set a $93.00 price objective on shares of Skyworks Solutions in a research note on Monday, July 25th. BMO Capital Markets restated a “hold” rating and set a $70.00 price objective on shares of Skyworks Solutions in a research note on Friday, November 4th. Northland Securities restated an “outperform” rating and set a $85.00 price objective on shares of Skyworks Solutions in a research note on Monday, November 7th. Finally, Cowen and Company upped their price objective on Skyworks Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. Skyworks Solutions has an average rating of “Buy” and a consensus target price of $84.69.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 75.93 on Wednesday. The company has a 50 day moving average price of $76.79 and a 200-day moving average price of $69.91. The stock has a market capitalization of $14.10 billion, a P/E ratio of 14.66 and a beta of 1.11. 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 quarterly 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 firm 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%. 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 business posted $1.52 earnings per share. On average, equities research analysts forecast that Skyworks Solutions will post $6.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, November 15th. Skyworks Solutions’s dividend payout ratio is presently 21.62%.
In other news, VP Laura A. Gasparini sold 2,650 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was 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 Securities & Exchange Commission, which is available through this link. Also, EVP Bruce J. Freyman sold 36,272 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $80.00, for a total value of $2,901,760.00. Following the sale, the executive vice president now directly owns 41,675 shares of the company’s stock, valued at $3,334,000. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Gofen & Glossberg LLC IL raised its stake in Skyworks Solutions by 12.0% in the second quarter. Gofen & Glossberg LLC IL now owns 3,361 shares of the semiconductor manufacturer’s stock valued at $213,000 after buying an additional 361 shares in the last quarter. Braver Wealth Management LLC raised its stake in Skyworks Solutions by 1.8% in the second quarter. Braver Wealth Management LLC now owns 39,110 shares of the semiconductor manufacturer’s stock valued at $2,475,000 after buying an additional 690 shares in the last quarter. Capstone Asset Management Co. raised its stake in Skyworks Solutions by 9.5% in the second quarter. Capstone Asset Management Co. now owns 23,771 shares of the semiconductor manufacturer’s stock valued at $1,504,000 after buying an additional 2,060 shares in the last quarter. Atria Investments LLC bought a new stake in Skyworks Solutions during the second quarter valued at $370,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Skyworks Solutions by 0.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 163,299 shares of the semiconductor manufacturer’s stock valued at $10,333,000 after buying an additional 781 shares in the last quarter. 78.50% of the stock is owned by institutional investors and hedge funds.
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.
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.