Skyworks Solutions (NASDAQ:SWKS) had its price objective raised by Morgan Stanley from $86.00 to $88.00 in a research note published on Wednesday. Morgan Stanley currently has an underweight rating on the semiconductor manufacturer’s stock.

Other analysts have also issued reports about the company. BidaskClub upgraded Skyworks Solutions from a buy rating to a strong-buy rating in a report on Thursday, August 17th. Zacks Investment Research lowered Skyworks Solutions from a buy rating to a hold rating in a report on Thursday, August 17th. Vetr upgraded Skyworks Solutions from a buy rating to a strong-buy rating and set a $113.85 price objective for the company in a report on Monday, August 21st. Citigroup upgraded Skyworks Solutions from a sell rating to a buy rating and set a $125.00 price objective for the company in a report on Tuesday, September 5th. Finally, Bank of America increased their price objective on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $116.56.

Shares of Skyworks Solutions (NASDAQ SWKS) opened at $94.63 on Wednesday. Skyworks Solutions has a 1-year low of $73.94 and a 1-year high of $117.65. The stock has a market capitalization of $17,387.32, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.94 and a beta of 0.84.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.28 annualized dividend and a yield of 1.35%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 23.66%.

In other news, Chairman David J. Aldrich sold 45,000 shares of Skyworks Solutions stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $110.08, for a total value of $4,953,600.00. Following the transaction, the chairman now directly owns 184,842 shares in the company, valued at $20,347,407.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Liam Griffin sold 12,141 shares of Skyworks Solutions stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $110.95, for a total value of $1,347,043.95. Following the completion of the transaction, the chief executive officer now owns 49,514 shares in the company, valued at $5,493,578.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,639 shares of company stock worth $18,360,415. Corporate insiders own 0.49% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Skyworks Solutions by 2.8% during the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock worth $1,758,380,000 after buying an additional 502,995 shares in the last quarter. Bank of New York Mellon Corp grew its position in Skyworks Solutions by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock worth $254,468,000 after buying an additional 95,860 shares in the last quarter. Manning & Napier Advisors LLC grew its position in Skyworks Solutions by 9.3% during the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock worth $223,182,000 after buying an additional 186,077 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in Skyworks Solutions by 27.9% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after buying an additional 364,933 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock worth $123,813,000 after buying an additional 1,167,942 shares in the last quarter. 81.94% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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