Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Average Rating of “Hold” from Brokerages

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been assigned a consensus rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $115.10.

A number of research firms recently weighed in on SWKS. TD Cowen raised their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Susquehanna raised their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. B. Riley raised their target price on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th.

Institutional Trading of Skyworks Solutions

A number of hedge funds have recently modified their holdings of the stock. Koshinski Asset Management Inc. raised its stake in Skyworks Solutions by 5.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,666 shares of the semiconductor manufacturer’s stock worth $460,000 after purchasing an additional 251 shares in the last quarter. Czech National Bank raised its stake in Skyworks Solutions by 47.9% in the 3rd quarter. Czech National Bank now owns 27,858 shares of the semiconductor manufacturer’s stock worth $2,747,000 after purchasing an additional 9,018 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Skyworks Solutions by 1.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 84,103 shares of the semiconductor manufacturer’s stock valued at $8,292,000 after buying an additional 969 shares during the period. Cavalier Investments LLC increased its holdings in Skyworks Solutions by 3.7% in the 3rd quarter. Cavalier Investments LLC now owns 5,876 shares of the semiconductor manufacturer’s stock valued at $579,000 after buying an additional 210 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Skyworks Solutions by 40.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,300 shares of the semiconductor manufacturer’s stock valued at $2,199,000 after buying an additional 6,400 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Stock Up 1.8 %

Shares of SWKS stock opened at $102.95 on Friday. The firm has a fifty day moving average of $104.06 and a 200-day moving average of $101.74. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $115.69. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.84 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 earnings per share. As a group, equities research analysts predict that Skyworks Solutions will post 5.65 earnings per share for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s dividend payout ratio is presently 48.23%.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.