Several other research firms have also recently weighed in on SWKS. Vetr cut Skyworks Solutions from a buy rating to a hold rating and set a $77.08 price target on the stock. in a report on Thursday, September 15th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $100.00 target price on shares of Skyworks Solutions in a report on Friday, September 16th. Drexel Hamilton reaffirmed a buy rating and issued a $90.00 target price on shares of Skyworks Solutions in a report on Tuesday, August 30th. Pacific Crest reaffirmed an equal weight rating and issued a $82.50 target price on shares of Skyworks Solutions in a report on Monday, August 29th. Finally, Mizuho reaffirmed a neutral rating and issued a $68.00 target price on shares of Skyworks Solutions in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $83.04.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 77.2796 on Wednesday. The stock’s 50 day moving average price is $71.47 and its 200 day moving average price is $69.32. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 15.3059 and a beta of 1.15. Skyworks Solutions has a 12-month low of $54.50 and a 12-month high of $89.72.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.03. The firm had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Equities research analysts expect that Skyworks Solutions will post $5.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 4th were paid a $0.28 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.46%. Skyworks Solutions’s payout ratio is 22.18%.
In related news, EVP Bruce J. Freyman sold 3,221 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $75.00, for a total value of $241,575.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David J. Aldrich sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $59.46, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now directly owns 140,327 shares of the company’s stock, valued at approximately $8,343,843.42. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Skyworks Solutions during the second quarter valued at about $486,000. Kentucky Retirement Systems purchased a new position in Skyworks Solutions during the second quarter valued at about $1,024,000. Mason Street Advisors LLC purchased a new position in Skyworks Solutions during the second quarter valued at about $1,621,000. Northwestern Mutual Wealth Management Co. raised its position in Skyworks Solutions by 36.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,815 shares of the semiconductor manufacturer’s stock valued at $242,000 after buying an additional 1,018 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Skyworks Solutions by 14.4% in the second quarter. Public Employees Retirement System of Ohio now owns 184,932 shares of the semiconductor manufacturer’s stock valued at $11,702,000 after buying an additional 23,303 shares in the last quarter. 76.66% of the stock is currently owned by institutional investors and hedge funds.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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