Skyworks Solutions, Inc. (SWKS) Receives Buy Rating from Mizuho
“We are adjusting our DecQ rev/EPS from $1.05B/$1.90 to $1.05B/$1.91, F18E from $4.05B/$7.24 to $4.05B/$7.29, and F19E from $4.37B/$8.00 to $4.37B/$8.02. Reiterating our Buy and raising PT to $125 (prior $120), ~17.1x our F18E EPS. Continued strong execution, iPhone X ramp, China CA and 5G TDD Tc-SAW ramp with improving GM positions SWKS well.”,” the firm’s analyst commented.
Other research analysts also recently issued research reports about the stock. Citigroup Inc. raised shares of Skyworks Solutions from a sell rating to a buy rating and set a $125.00 target price on the stock in a research report on Tuesday, September 5th. Vetr raised shares of Skyworks Solutions from a buy rating to a strong-buy rating and set a $114.47 target price on the stock in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Skyworks Solutions from a hold rating to a buy rating and set a $114.00 target price on the stock in a research report on Monday, August 28th. Cowen and Company lifted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a market perform rating in a research report on Tuesday, October 10th. Finally, Barclays PLC lifted their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an overweight rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Skyworks Solutions currently has an average rating of Buy and a consensus target price of $115.68.
Shares of Skyworks Solutions (SWKS) opened at $111.19 on Tuesday. The stock has a market cap of $20,430.00, a PE ratio of 19.32, a PEG ratio of 1.13 and a beta of 0.90. Skyworks Solutions has a twelve month low of $71.65 and a twelve month high of $117.65.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.
In related news, Director Christine King sold 3,705 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the transaction, the director now directly owns 16,641 shares in the company, valued at approximately $1,777,591.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Liam Griffin sold 13,858 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $102.18, for a total transaction of $1,416,010.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,173 shares of company stock worth $2,072,726. 0.49% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SWKS. Winslow Evans & Crocker Inc. increased its holdings in Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after acquiring an additional 35 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in Skyworks Solutions in the 3rd quarter worth $126,000. WFG Advisors LP increased its holdings in Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after acquiring an additional 171 shares in the last quarter. Sun Life Financial INC grew its holdings in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,136 shares in the last quarter. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of Skyworks Solutions during the second quarter worth $182,000. 80.81% of the stock is owned by institutional investors.
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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