Skyworks Solutions (NASDAQ:SWKS) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Skyworks Solutions (NASDAQ:SWKS – Get Rating) in a report published on Thursday. The firm issued a hold rating on the semiconductor manufacturer’s stock.

A number of other brokerages also recently issued reports on SWKS. Raymond James reiterated a market perform rating on shares of Skyworks Solutions in a research note on Thursday, March 2nd. Susquehanna increased their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock a neutral rating in a research note on Tuesday, February 7th. B. Riley increased their price objective on shares of Skyworks Solutions from $95.00 to $115.00 and gave the stock a neutral rating in a research note on Tuesday, February 7th. Piper Sandler increased their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an overweight rating in a research note on Tuesday, February 7th. Finally, Craig Hallum increased their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a buy rating in a research note on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $120.35.

Skyworks Solutions Trading Down 1.4 %

SWKS stock opened at $114.07 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.75 and a current ratio of 2.79. The company’s 50-day simple moving average is $111.20 and its 200 day simple moving average is $98.52. Skyworks Solutions has a 52 week low of $76.16 and a 52 week high of $141.26. The company has a market capitalization of $18.13 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.29.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last released its quarterly earnings results on Monday, February 6th. The semiconductor manufacturer reported $2.59 EPS for the quarter, meeting the consensus estimate of $2.59. Skyworks Solutions had a net margin of 22.33% and a return on equity of 28.65%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $2.90 earnings per share. Skyworks Solutions’s revenue was down 12.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Skyworks Solutions will post 8.21 earnings per share for the current year.

Skyworks Solutions declared that its board has initiated a stock repurchase program on Monday, February 6th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 11.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Tuesday, February 28th will be issued a $0.62 dividend. The ex-dividend date is Monday, February 27th. This represents a $2.48 dividend on an annualized basis and a yield of 2.17%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 33.83%.

Insiders Place Their Bets

In other Skyworks Solutions news, SVP Reza Kasnavi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $120.03, for a total transaction of $360,090.00. Following the completion of the transaction, the senior vice president now owns 16,994 shares in the company, valued at approximately $2,039,789.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Skyworks Solutions news, SVP Karilee A. Durham sold 2,716 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $110.00, for a total transaction of $298,760.00. Following the completion of the transaction, the senior vice president now owns 13,428 shares in the company, valued at approximately $1,477,080. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Reza Kasnavi sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $120.03, for a total transaction of $360,090.00. Following the transaction, the senior vice president now owns 16,994 shares of the company’s stock, valued at approximately $2,039,789.82. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. grew its position in shares of Skyworks Solutions by 54.0% during the 1st quarter. Panagora Asset Management Inc. now owns 10,415 shares of the semiconductor manufacturer’s stock worth $1,388,000 after buying an additional 3,654 shares during the period. LSV Asset Management acquired a new stake in Skyworks Solutions in the 1st quarter valued at $11,382,000. Raymond James Trust N.A. grew its position in Skyworks Solutions by 7.8% in the 1st quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer’s stock valued at $310,000 after purchasing an additional 169 shares during the period. Prudential PLC acquired a new stake in Skyworks Solutions in the 1st quarter valued at $429,000. Finally, Moors & Cabot Inc. grew its position in Skyworks Solutions by 9.7% in the 1st quarter. Moors & Cabot Inc. now owns 7,249 shares of the semiconductor manufacturer’s stock valued at $966,000 after purchasing an additional 643 shares during the period. Institutional investors own 75.37% of the company’s stock.

Skyworks Solutions Company Profile

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Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.