Skyworks Solutions, Inc. (SWKS) Earns Buy Rating from DA Davidson
DA Davidson reaffirmed their buy rating on shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in a research note published on Tuesday. The firm currently has a $130.00 price target on the semiconductor manufacturer’s stock. DA Davidson also issued estimates for Skyworks Solutions’ Q1 2018 earnings at $1.79 EPS, Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.88 EPS and FY2018 earnings at $6.81 EPS.
Other research analysts have also issued reports about the company. B. Riley reiterated a buy rating and issued a $120.00 price objective on shares of Skyworks Solutions in a research report on Monday, July 17th. BidaskClub upgraded Skyworks Solutions from a buy rating to a strong-buy rating in a research report on Thursday, August 17th. Barclays PLC reiterated an overweight rating on shares of Skyworks Solutions in a research report on Friday, July 21st. Vetr lowered Skyworks Solutions from a strong-buy rating to a buy rating and set a $116.12 price objective for the company. in a research report on Monday, July 17th. Finally, Bank of America Corporation increased their price objective on Skyworks Solutions from $115.00 to $120.00 and gave the stock a buy rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of Buy and an average target price of $115.68.
Shares of Skyworks Solutions (NASDAQ SWKS) traded down $0.71 during trading on Tuesday, reaching $110.41. The company had a trading volume of 1,921,114 shares, compared to its average volume of 2,003,449. The stock has a market capitalization of $20,400.00, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. Skyworks Solutions has a 52 week low of $71.65 and a 52 week high of $117.65.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, November 20th. Skyworks Solutions’s payout ratio is 23.66%.
In other Skyworks Solutions news, insider Liam Griffin sold 13,858 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $102.18, for a total transaction of $1,416,010.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $395,768.10. Following the transaction, the director now directly owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,173 shares of company stock worth $2,072,726. Corporate insiders own 0.49% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Zeke Capital Advisors LLC purchased a new position in shares of Skyworks Solutions during the third quarter worth about $297,000. Schroder Investment Management Group grew its holdings in shares of Skyworks Solutions by 98.0% during the third quarter. Schroder Investment Management Group now owns 487,824 shares of the semiconductor manufacturer’s stock worth $49,388,000 after purchasing an additional 241,491 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Skyworks Solutions by 9.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,943 shares of the semiconductor manufacturer’s stock worth $1,523,000 after purchasing an additional 1,234 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Skyworks Solutions by 49.3% during the third quarter. Trexquant Investment LP now owns 6,121 shares of the semiconductor manufacturer’s stock worth $624,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its holdings in shares of Skyworks Solutions by 3.7% during the third quarter. Achmea Investment Management B.V. now owns 24,017 shares of the semiconductor manufacturer’s stock worth $2,444,000 after purchasing an additional 854 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors.
Skyworks Solutions Company Profile
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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