BidaskClub lowered shares of Skyworks Solutions (NASDAQ:SWKS) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

Several other analysts have also issued reports on SWKS. Zacks Investment Research upgraded shares of Skyworks Solutions from a hold rating to a buy rating and set a $108.00 target price on the stock in a research report on Wednesday, July 25th. Cowen reiterated a hold rating and issued a $105.00 target price (up previously from $100.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. B. Riley lifted their target price on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a buy rating in a research report on Friday, July 20th. Canaccord Genuity lowered their price target on shares of Skyworks Solutions from $120.00 to $110.00 and set a buy rating on the stock in a research report on Tuesday, May 1st. Finally, KeyCorp lowered their price target on shares of Skyworks Solutions from $125.00 to $120.00 and set an overweight rating on the stock in a research report on Friday, May 4th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company. Skyworks Solutions currently has a consensus rating of Buy and an average price target of $115.26.

Shares of NASDAQ SWKS opened at $91.85 on Friday. Skyworks Solutions has a 52-week low of $86.13 and a 52-week high of $117.65. The stock has a market capitalization of $16.66 billion, a PE ratio of 15.36, a P/E/G ratio of 1.03 and a beta of 0.56.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.04. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The business had revenue of $894.30 million for the quarter, compared to analyst estimates of $889.00 million. During the same quarter last year, the business earned $1.57 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. sell-side analysts forecast that Skyworks Solutions will post 6.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 7th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.65%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, August 6th. Skyworks Solutions’s payout ratio is presently 25.42%.

In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $95.92, for a total value of $959,200.00. Following the transaction, the director now directly owns 152,252 shares in the company, valued at approximately $14,604,011.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

A number of large investors have recently bought and sold shares of SWKS. Cim LLC raised its stake in shares of Skyworks Solutions by 12.1% in the 2nd quarter. Cim LLC now owns 4,710 shares of the semiconductor manufacturer’s stock valued at $455,000 after acquiring an additional 507 shares during the period. Pittenger & Anderson Inc. raised its stake in shares of Skyworks Solutions by 6.8% in the 2nd quarter. Pittenger & Anderson Inc. now owns 8,670 shares of the semiconductor manufacturer’s stock valued at $838,000 after acquiring an additional 550 shares during the period. Country Club Trust Company n.a. raised its stake in shares of Skyworks Solutions by 26.7% in the 2nd quarter. Country Club Trust Company n.a. now owns 2,796 shares of the semiconductor manufacturer’s stock valued at $270,000 after acquiring an additional 589 shares during the period. Mckinley Capital Management LLC Delaware raised its stake in shares of Skyworks Solutions by 67.2% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 1,478 shares of the semiconductor manufacturer’s stock valued at $148,000 after acquiring an additional 594 shares during the period. Finally, Wetherby Asset Management Inc. raised its stake in shares of Skyworks Solutions by 17.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,163 shares of the semiconductor manufacturer’s stock valued at $402,000 after acquiring an additional 630 shares during the period. Institutional investors own 81.42% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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