ValuEngine upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a strong sell rating to a sell rating in a research note released on Thursday morning.

A number of other research firms also recently issued reports on SWKS. BidaskClub upgraded shares of Skyworks Solutions from a sell rating to a hold rating in a report on Thursday, October 4th. Morgan Stanley lowered their target price on shares of Skyworks Solutions from $80.00 to $79.00 and set an underweight rating for the company in a report on Wednesday, October 3rd. Zacks Investment Research downgraded shares of Skyworks Solutions from a buy rating to a hold rating in a report on Wednesday, September 19th. Craig Hallum lowered their target price on shares of Skyworks Solutions from $120.00 to $105.00 and set a buy rating for the company in a report on Friday, November 9th. Finally, Cowen restated a hold rating on shares of Skyworks Solutions in a report on Friday, November 9th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $103.38.

Shares of NASDAQ SWKS opened at $70.16 on Thursday. The stock has a market cap of $12.56 billion, a PE ratio of 10.58, a PEG ratio of 0.87 and a beta of 0.60. Skyworks Solutions has a 12 month low of $68.58 and a 12 month high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Skyworks Solutions had a net margin of 23.74% and a return on equity of 30.59%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. As a group, research analysts predict that Skyworks Solutions will post 6.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Tuesday, November 27th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 26th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. Skyworks Solutions’s payout ratio is currently 22.93%.

In related news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $86.25, for a total value of $258,750.00. Following the sale, the director now directly owns 144,251 shares of the company’s stock, valued at $12,441,648.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $91.30, for a total transaction of $913,000.00. Following the completion of the sale, the director now directly owns 152,252 shares in the company, valued at $13,900,607.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,500 shares of company stock worth $1,930,810. Corporate insiders own 0.47% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kiwi Wealth Investments Limited Partnership bought a new stake in Skyworks Solutions during the second quarter valued at $3,486,000. Centaurus Financial Inc. bought a new stake in Skyworks Solutions during the second quarter valued at $147,000. Dearborn Partners LLC increased its stake in Skyworks Solutions by 67.2% during the third quarter. Dearborn Partners LLC now owns 3,463 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 1,392 shares during the last quarter. Midas Management Corp increased its stake in Skyworks Solutions by 16.7% during the third quarter. Midas Management Corp now owns 31,500 shares of the semiconductor manufacturer’s stock valued at $2,857,000 after purchasing an additional 4,500 shares during the last quarter. Finally, grace capital bought a new stake in Skyworks Solutions during the second quarter valued at $435,000. 80.68% of the stock is currently owned by hedge funds and other institutional investors.

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, antenna tuners, 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 locked loops, phase shifters, 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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