Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Consensus Rating of “Hold” by Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Free Report) have been given an average rating of “Hold” by the nineteen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $107.19.

SWKS has been the subject of several research analyst reports. Piper Sandler reduced their price objective on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. UBS Group reduced their price target on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. TD Cowen lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and cut their price objective for the stock from $125.00 to $90.00 in a research note on Wednesday, May 1st. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $96.00 to $130.00 in a research report on Thursday, June 20th. Finally, Mizuho lowered their price target on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st.

Check Out Our Latest Report on Skyworks Solutions

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $106.41 on Wednesday. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $115.69. The company has a market capitalization of $17.07 billion, a PE ratio of 20.00, a P/E/G ratio of 5.02 and a beta of 1.23. The company has a 50 day moving average price of $97.76 and a 200-day moving average price of $102.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. As a group, equities analysts forecast that Skyworks Solutions will post 5.14 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Liam Griffin purchased 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Skyworks Solutions by 172.1% during the third quarter. Advisors Asset Management Inc. now owns 4,871 shares of the semiconductor manufacturer’s stock worth $480,000 after purchasing an additional 3,081 shares during the period. Toroso Investments LLC grew its stake in Skyworks Solutions by 10.5% during the 3rd quarter. Toroso Investments LLC now owns 11,619 shares of the semiconductor manufacturer’s stock worth $1,146,000 after purchasing an additional 1,106 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Skyworks Solutions during the 3rd quarter worth about $457,000. Banque Pictet & Cie SA acquired a new stake in Skyworks Solutions in the 3rd quarter valued at about $424,000. Finally, 2Xideas AG raised its position in Skyworks Solutions by 12.7% in the 3rd quarter. 2Xideas AG now owns 111,550 shares of the semiconductor manufacturer’s stock valued at $10,998,000 after purchasing an additional 12,587 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile

(Get Free Report

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.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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