Skyworks Solutions (SWKS) Downgraded by Vetr
Vetr downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning. The brokerage currently has $108.40 price target on the semiconductor manufacturer’s stock.
Several other research analysts have also weighed in on the company. BidaskClub lowered Skyworks Solutions from a hold rating to a sell rating in a research report on Friday, December 29th. Piper Jaffray Companies reissued a buy rating and set a $115.00 price objective on shares of Skyworks Solutions in a report on Wednesday, December 27th. Cowen set a $115.00 price objective on Skyworks Solutions and gave the company a hold rating in a report on Thursday, December 14th. Morgan Stanley increased their price objective on Skyworks Solutions from $86.00 to $88.00 and gave the company an underweight rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research raised Skyworks Solutions from a sell rating to a hold rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $116.09.
Skyworks Solutions (SWKS) opened at $101.23 on Wednesday. Skyworks Solutions has a 52-week low of $73.94 and a 52-week high of $117.65. The firm has a market capitalization of $18,515.49, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.00 and a beta of 0.83.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a $0.32 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.26%. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.
In related news, SVP Carlos S. Bori sold 4,377 shares of Skyworks Solutions stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $108.30, for a total value of $474,029.10. Following the sale, the senior vice president now owns 17,645 shares of the company’s stock, valued at $1,910,953.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 3,083 shares of Skyworks Solutions stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $98.00, for a total value of $302,134.00. Following the completion of the sale, the senior vice president now directly owns 12,455 shares in the company, valued at approximately $1,220,590. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 161,864 shares of company stock worth $17,246,539. Corporate insiders own 0.49% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. acquired a new position in Skyworks Solutions during the third quarter worth approximately $126,000. WFG Advisors LP increased its position in Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after buying an additional 171 shares during the last quarter. Sun Life Financial INC grew its position in shares of Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after purchasing an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skyworks Solutions in the second quarter valued at approximately $202,000. Finally, Round Table Services LLC acquired a new position in shares of Skyworks Solutions in the third quarter valued at approximately $204,000. 81.50% of the stock is currently 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.
To view Vetr’s full report, visit Vetr’s official website.
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