Skyworks Solutions (SWKS) Receives Coverage Optimism Score of 0.06
Media stories about Skyworks Solutions (NASDAQ:SWKS) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Skyworks Solutions earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the semiconductor manufacturer an impact score of 45.6863640810569 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Skyworks Solutions, Inc. (SWKS) Upgraded at BidaskClub (americanbankingnews.com)
- Skyworks Solutions, Inc. breached its 50 day moving average in a Bearish Manner : SWKS-US : August 18, 2017 (finance.yahoo.com)
- Skyworks Banks on Product Strength, iPhone 8 Delay May Hurt (finance.yahoo.com)
- Zacks Investment Research Downgrades Skyworks Solutions, Inc. (SWKS) to Hold (americanbankingnews.com)
- Checking Indicator Levels for Skyworks Solutions Inc (SWKS) – Berry Recorder (berryrecorder.com)
SWKS has been the topic of several recent research reports. Pacific Crest reiterated an “overweight” rating on shares of Skyworks Solutions in a research report on Monday, April 24th. B. Riley reiterated a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research report on Friday, April 28th. Drexel Hamilton increased their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Craig Hallum raised their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $108.00 price objective (up from $92.00) on shares of Skyworks Solutions in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $110.43.
Skyworks Solutions (NASDAQ:SWKS) remained flat at $102.21 during trading on Friday. The stock had a trading volume of 1,139,401 shares. Skyworks Solutions has a 12 month low of $65.76 and a 12 month high of $112.11. The stock’s 50 day moving average price is $103.25 and its 200-day moving average price is $100.57. The stock has a market capitalization of $18.78 billion, a P/E ratio of 19.62 and a beta of 0.82.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. The business had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. On average, equities research analysts forecast that Skyworks Solutions will post $6.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 4th. Skyworks Solutions’s dividend payout ratio is 24.57%.
In related news, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total value of $848,377.36. Following the completion of the sale, the insider now owns 54,310 shares of the company’s stock, valued at $5,719,386.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine King sold 3,500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total transaction of $380,940.00. Following the completion of the sale, the director now directly owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.
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Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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