Craig Hallum restated their buy rating on shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in a research report released on Wednesday.

A number of other equities analysts have also issued reports on SWKS. Vetr raised Skyworks Solutions from a buy rating to a strong-buy rating and set a $116.14 target price on the stock in a research report on Wednesday, May 17th. ValuEngine lowered Skyworks Solutions from a buy rating to a hold rating in a research report on Tuesday, May 23rd. Raymond James Financial, Inc. reaffirmed an outperform rating and issued a $120.00 target price on shares of Skyworks Solutions in a research report on Friday, June 16th. Pacific Crest reaffirmed an overweight rating and issued a $120.00 target price on shares of Skyworks Solutions in a research report on Wednesday, June 21st. Finally, BidaskClub lowered Skyworks Solutions from a strong-buy rating to a buy rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $111.83.

Skyworks Solutions (NASDAQ SWKS) traded up 2.31% during mid-day trading on Wednesday, reaching $109.55. 2,366,271 shares of the company’s stock were exchanged. Skyworks Solutions has a 52 week low of $71.65 and a 52 week high of $112.11. The company’s 50 day moving average price is $104.40 and its 200-day moving average price is $102.14. The company has a market capitalization of $20.13 billion, a P/E ratio of 21.03 and a beta of 0.81.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. During the same period in the prior year, the company posted $1.24 EPS. Skyworks Solutions’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities research analysts expect that Skyworks Solutions will post $6.39 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a $0.32 dividend. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, August 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.17%. Skyworks Solutions’s dividend payout ratio is presently 24.57%.

In related news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the transaction, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the transaction, the insider now directly owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. In the last three months, insiders sold 14,371 shares of company stock valued at $1,505,093. Company insiders own 0.49% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Girard Partners LTD. boosted its stake in Skyworks Solutions by 0.3% during the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock valued at $558,000 after buying an additional 16 shares in the last quarter. Cadence Capital Management LLC boosted its stake in Skyworks Solutions by 0.3% during the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock valued at $738,000 after buying an additional 21 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its stake in Skyworks Solutions by 3.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after buying an additional 35 shares in the last quarter. Montag A & Associates Inc. boosted its stake in Skyworks Solutions by 0.5% during the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock valued at $874,000 after buying an additional 41 shares in the last quarter. Finally, Cleararc Capital Inc. boosted its stake in Skyworks Solutions by 1.1% during the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares in the last quarter. 80.86% of the stock is owned by institutional investors and hedge funds.

About Skyworks Solutions

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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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