Charter Equity upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a market perform rating to a buy rating in a report published on Friday, January 24th, BenzingaRatingsTable reports.
A number of other research firms also recently commented on SWKS. Mizuho increased their target price on Skyworks Solutions from $132.00 to $138.00 and gave the stock a buy rating in a report on Friday, January 24th. Cowen raised their target price on Skyworks Solutions from $130.00 to $140.00 and gave the company an outperform rating in a research report on Friday, January 24th. ValuEngine upgraded Skyworks Solutions from a hold rating to a buy rating in a research report on Friday, November 1st. Needham & Company LLC lifted their price target on Skyworks Solutions from $120.00 to $145.00 and gave the company a buy rating in a research report on Friday, January 24th. Finally, BMO Capital Markets lifted their price target on Skyworks Solutions to $120.00 and gave the company an outperform rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $116.25.
SWKS traded down $3.08 during trading on Friday, hitting $113.15. 2,436,404 shares of the stock were exchanged, compared to its average volume of 2,663,760. The company has a quick ratio of 2.01, a current ratio of 7.04 and a debt-to-equity ratio of 0.04. Skyworks Solutions has a 1-year low of $66.29 and a 1-year high of $128.48. The firm has a market capitalization of $19.25 billion, a P/E ratio of 23.67, a PEG ratio of 1.38 and a beta of 1.12. The stock has a fifty day moving average price of $119.91 and a two-hundred day moving average price of $94.65.
Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.16. The company had revenue of $896.10 million for the quarter, compared to the consensus estimate of $881.80 million. Skyworks Solutions had a return on equity of 23.03% and a net margin of 25.02%. Skyworks Solutions’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. Analysts predict that Skyworks Solutions will post 5.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.56%. The ex-dividend date is Monday, February 10th. Skyworks Solutions’s dividend payout ratio is 30.82%.
In related news, SVP Robert John Terry sold 1,483 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $100.00, for a total transaction of $148,300.00. Following the transaction, the senior vice president now directly owns 15,132 shares in the company, valued at $1,513,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Liam Griffin sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $99.01, for a total value of $1,980,200.00. Following the transaction, the chief executive officer now owns 80,692 shares in the company, valued at $7,989,314.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 263,363 shares of company stock worth $27,815,318. Company insiders own 0.64% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Allred Capital Management LLC acquired a new position in Skyworks Solutions during the 4th quarter worth $27,000. Sugarloaf Wealth Management LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $30,000. Mechanics Bank Trust Department acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at $25,000. Squar Milner Financial Services LLC lifted its stake in shares of Skyworks Solutions by 492.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 266 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Skyworks Solutions in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 82.95% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
