Skyworks Solutions Inc. (NASDAQ:SWKS) Receives Consensus Rating of “Buy” from Analysts
Shares of Skyworks Solutions Inc. (NASDAQ:SWKS) have received an average recommendation of “Buy” from the twenty-six research firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $81.93.
Several brokerages have weighed in on SWKS. Morgan Stanley began coverage on Skyworks Solutions in a research note on Monday, June 27th. They set an “underweight” rating and a $61.00 price objective on the stock. Pacific Crest reissued an “equal weight” rating on shares of Skyworks Solutions in a research note on Thursday, September 15th. Credit Agricole SA raised Skyworks Solutions from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $73.00 to $77.00 in a research note on Tuesday, August 9th. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $72.91 price objective on the stock. in a research note on Wednesday, August 17th. Finally, Brean Capital reissued a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, June 15th.
Skyworks Solutions (NASDAQ:SWKS) traded down 0.68% on Tuesday, hitting $75.57. The stock had a trading volume of 1,767,191 shares. The stock’s 50-day moving average is $70.87 and its 200 day moving average is $69.25. Skyworks Solutions has a 1-year low of $54.50 and a 1-year high of $89.72. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 14.97 and a beta of 1.15.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The firm had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $750.22 million. On average, equities research analysts predict that Skyworks Solutions will post $5.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th were paid a dividend of $0.28 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, August 2nd. Skyworks Solutions’s dividend payout ratio is presently 22.18%.
In other news, EVP Bruce J. Freyman sold 3,221 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $75.00, for a total transaction of $241,575.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Furey sold 5,000 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $74.87, for a total transaction of $374,350.00. Following the sale, the director now directly owns 34,947 shares in the company, valued at $2,616,481.89. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.
Large investors have recently bought and sold shares of the company. Aperio Group LLC raised its position in shares of Skyworks Solutions by 42.9% in the first quarter. Aperio Group LLC now owns 41,341 shares of the semiconductor manufacturer’s stock worth $3,220,000 after buying an additional 12,403 shares in the last quarter. Commonwealth Equity Services Inc raised its position in shares of Skyworks Solutions by 24.2% in the first quarter. Commonwealth Equity Services Inc now owns 33,281 shares of the semiconductor manufacturer’s stock worth $2,593,000 after buying an additional 6,487 shares in the last quarter. Smithbridge Asset Management Inc. DE raised its position in shares of Skyworks Solutions by 11.8% in the first quarter. Smithbridge Asset Management Inc. DE now owns 32,300 shares of the semiconductor manufacturer’s stock worth $2,516,000 after buying an additional 3,400 shares in the last quarter. Sii Investments Inc. WI raised its position in shares of Skyworks Solutions by 3.0% in the first quarter. Sii Investments Inc. WI now owns 4,958 shares of the semiconductor manufacturer’s stock worth $393,000 after buying an additional 144 shares in the last quarter. Finally, Investment Centers of America Inc. raised its position in shares of Skyworks Solutions by 8.0% in the first quarter. Investment Centers of America Inc. now owns 10,873 shares of the semiconductor manufacturer’s stock worth $847,000 after buying an additional 807 shares in the last quarter. 76.67% of the stock is currently owned by institutional investors and hedge funds.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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