Skyworks Solutions (NASDAQ:SWKS) Receives New Coverage from Analysts at Exane BNP Paribas

Exane BNP Paribas initiated coverage on shares of Skyworks Solutions (NASDAQ:SWKSGet Rating) in a research note released on Tuesday, The Fly reports. The firm issued an outperform rating on the semiconductor manufacturer’s stock.

Several other analysts have also issued reports on SWKS. Barclays dropped their target price on shares of Skyworks Solutions from $125.00 to $122.00 and set an equal weight rating on the stock in a research report on Monday, July 25th. Susquehanna Bancshares dropped their target price on shares of Skyworks Solutions to $120.00 in a research report on Monday, July 25th. Cowen set a $132.00 target price on shares of Skyworks Solutions in a research report on Tuesday, July 19th. Bank of America lowered shares of Skyworks Solutions from a neutral rating to an underperform rating and dropped their target price for the company from $130.00 to $105.00 in a research report on Wednesday, June 29th. Finally, UBS Group dropped their target price on shares of Skyworks Solutions from $133.00 to $110.00 and set a neutral rating on the stock in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $140.29.

Skyworks Solutions Stock Down 5.5 %

SWKS stock opened at $97.88 on Tuesday. The firm has a market cap of $15.70 billion, a PE ratio of 12.44, a P/E/G ratio of 0.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.47 and a current ratio of 2.37. The firm’s fifty day moving average is $104.41 and its 200 day moving average is $110.87. Skyworks Solutions has a one year low of $88.76 and a one year high of $182.24.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last released its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.05 by $0.39. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $1.96 earnings per share. On average, research analysts forecast that Skyworks Solutions will post 9.95 EPS for the current year.

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 24th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. Skyworks Solutions’s payout ratio is 31.51%.

Insider Activity

In other news, SVP Karilee A. Durham sold 5,858 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $112.26, for a total value of $657,619.08. Following the sale, the senior vice president now directly owns 10,130 shares of the company’s stock, valued at approximately $1,137,193.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in SWKS. Pittenger & Anderson Inc. raised its stake in shares of Skyworks Solutions by 1,750.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 175 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Skyworks Solutions by 56.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 287 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 104 shares during the period. Financial Management Professionals Inc. increased its stake in Skyworks Solutions by 1,845.5% during the 1st quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 203 shares during the period. Lindbrook Capital LLC increased its stake in Skyworks Solutions by 72.6% during the 2nd quarter. Lindbrook Capital LLC now owns 309 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 130 shares during the period. Finally, Bank of New Hampshire purchased a new stake in Skyworks Solutions during the 1st quarter worth approximately $30,000. 74.61% of the stock is owned by hedge funds and other institutional investors.

About Skyworks Solutions

(Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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