Skyworks Solutions Inc. (SWKS) Stock Rating Upgraded by Vetr Inc.
Skyworks Solutions Inc. (NASDAQ:SWKS) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage presently has a $83.42 price target on the semiconductor manufacturer’s stock. Vetr‘s target price would suggest a potential upside of 9.59% from the company’s current price.
Several other research firms have also commented on SWKS. Pacific Crest reaffirmed an “equal weight” rating on shares of Skyworks Solutions in a research report on Thursday, September 15th. Cowen and Company lifted their price target on Skyworks Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. Northland Securities reaffirmed an “outperform” rating and set a $85.00 price target on shares of Skyworks Solutions in a research report on Monday, November 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $92.00 price target on shares of Skyworks Solutions in a research report on Thursday, October 27th. Finally, Brean Capital reaffirmed a “buy” rating and set a $80.00 price target on shares of Skyworks Solutions in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $84.69.
Skyworks Solutions (NASDAQ:SWKS) opened at 76.12 on Tuesday. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 14.69 and a beta of 1.11. The firm has a 50-day moving average price of $76.87 and a 200-day moving average price of $69.91. Skyworks Solutions has a one year low of $54.50 and a one year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.43 by $0.04. The company had revenue of $835.40 million for 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%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 earnings per share. On average, equities analysts predict that Skyworks Solutions will post $6.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.28 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.47%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 21.62%.
In related news, EVP Bruce J. Freyman sold 9,000 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $74.33, for a total value of $668,970.00. Following the completion of the transaction, the executive vice president now owns 41,493 shares of the company’s stock, valued at $3,084,174.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Furey sold 5,000 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $74.87, for a total value of $374,350.00. Following the completion of the transaction, the director now directly owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SWKS. BKS Advisors LLC acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $101,000. Investment Counselors of Maryland LLC acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $102,000. Canada Pension Plan Investment Board increased 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 worth $102,000 after buying an additional 1,225 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased 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 worth $114,000 after buying an additional 1,300 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased 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 worth $116,000 after buying an additional 1,000 shares in the last quarter. 78.50% 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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