Skyworks Solutions, Inc. (SWKS) Lowered to Hold at Vetr Inc.
Vetr lowered shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) from a buy rating to a hold rating in a report released on Monday. Vetr currently has $112.42 price target on the semiconductor manufacturer’s stock.
SWKS has been the topic of a number of other research reports. ValuEngine lowered Skyworks Solutions from a buy rating to a hold rating in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded Skyworks Solutions from a hold rating to a buy rating and set a $114.00 target price on the stock in a research note on Monday, August 28th. BMO Capital Markets reiterated a hold rating and set a $100.00 target price on shares of Skyworks Solutions in a research note on Friday, July 21st. Raymond James Financial, Inc. reiterated an outperform rating and set a $120.00 target price on shares of Skyworks Solutions in a research note on Friday, June 16th. Finally, Argus started coverage on Skyworks Solutions in a research note on Thursday, July 6th. They set a buy rating and a $120.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $111.82.
Shares of Skyworks Solutions (NASDAQ SWKS) opened at 107.49 on Monday. Skyworks Solutions has a one year low of $71.65 and a one year high of $112.11. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 20.63 and a beta of 0.81. The stock’s 50 day moving average price is $104.45 and its 200 day moving average price is $102.32.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. On average, equities analysts anticipate that Skyworks Solutions will post $6.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th were issued a dividend of $0.32 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.19%. Skyworks Solutions’s dividend payout ratio (DPR) is 24.57%.
In related news, insider Liam Griffin sold 8,056 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the transaction, the insider now directly owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine King sold 3,705 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the transaction, the director now directly owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,371 shares of company stock worth $1,505,093. 0.49% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in SWKS. Invictus RG bought a new position in Skyworks Solutions during the 1st quarter worth $101,000. Winslow Evans & Crocker Inc. raised its position in Skyworks Solutions by 3.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after purchasing an additional 35 shares during the last quarter. WFG Advisors LP raised its position in Skyworks Solutions by 18.6% during the 1st quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after purchasing an additional 181 shares during the last quarter. Sun Life Financial INC raised its position in Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its position in Skyworks Solutions by 89.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after purchasing an additional 664 shares during the last quarter. 80.84% 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.
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