Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Skyworks Solutions Inc. (NASDAQ:SWKS) in a research report sent to investors on Friday morning. They currently have a $100.00 price objective on the semiconductor manufacturer’s stock.
Other research analysts also recently issued reports about the stock. Vetr downgraded shares of Skyworks Solutions from a strong-buy rating to a buy rating and set a $72.85 target price for the company. in a research note on Monday, June 20th. Brean Capital restated a buy rating on shares of Skyworks Solutions in a research note on Wednesday, June 15th. B. Riley cut shares of Skyworks Solutions to a buy rating in a report on Monday, June 13th. Drexel Hamilton reaffirmed a buy rating on shares of Skyworks Solutions in a report on Wednesday, July 6th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $73.00 price target on shares of Skyworks Solutions in a report on Monday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $83.04.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 75.72 on Friday. The stock has a market cap of $14.20 billion, a P/E ratio of 15.00 and a beta of 1.15. Skyworks Solutions has a one year low of $54.50 and a one year high of $89.72. The stock has a 50 day moving average of $71.14 and a 200 day moving average of $69.27.
Skyworks Solutions (NASDAQ:SWKS) last announced its 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 business earned $751.70 million during the quarter, compared to the consensus estimate of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. Equities analysts expect that Skyworks Solutions will post $5.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th were given a dividend of $0.28 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, August 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.48%. Skyworks Solutions’s dividend payout ratio (DPR) is 22.18%.
In other news, VP Laura A. Gasparini sold 2,650 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $74.84, for a total transaction of $198,326.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bruce J. Freyman sold 3,221 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $75.00, for a total transaction of $241,575.00. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.
Several institutional investors have recently bought and sold shares of SWKS. JPMorgan Chase & Co. raised its stake in Skyworks Solutions by 568.4% in the first quarter. JPMorgan Chase & Co. now owns 849,066 shares of the semiconductor manufacturer’s stock worth $66,142,000 after buying an additional 1,030,325 shares in the last quarter. Investment Centers of America Inc. raised its stake in Skyworks Solutions by 8.0% in the first quarter. Investment Centers of America Inc. now owns 10,873 shares of the semiconductor manufacturer’s stock worth $847,000 after buying an additional 807 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in Skyworks Solutions during the first quarter worth approximately $27,265,000. Calvert Investment Management Inc. raised its stake in Skyworks Solutions by 5.0% in the second quarter. Calvert Investment Management Inc. now owns 10,114 shares of the semiconductor manufacturer’s stock worth $640,000 after buying an additional 480 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Skyworks Solutions by 2.7% in the first quarter. Legal & General Group Plc now owns 775,695 shares of the semiconductor manufacturer’s stock worth $60,427,000 after buying an additional 20,386 shares in the last quarter. Institutional investors own 76.66% of the company’s stock.
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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