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

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $112.53.

Several brokerages recently commented on SWKS. Piper Sandler reaffirmed a “neutral” rating and issued a $115.00 target price (up from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and upped their price target for the stock from $96.00 to $130.00 in a research note on Thursday, June 20th. Finally, Rosenblatt Securities upped their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st.

Insider Activity

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total value of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,341 shares of company stock worth $2,142,110 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds have recently made changes to their positions in the company. BNP Paribas acquired a new position in Skyworks Solutions during the 1st quarter worth $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions during the second quarter worth about $27,000. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth about $27,000. Access Investment Management LLC bought a new stake in shares of Skyworks Solutions in the 1st quarter valued at about $31,000. Finally, Blue Trust Inc. boosted its stake in Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS opened at $98.06 on Friday. The firm has a 50-day moving average price of $101.37 and a 200-day moving average price of $101.91. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 4.50 and a beta of 1.20. Skyworks Solutions has a twelve month low of $85.06 and a twelve month high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same quarter last year, the company earned $1.50 earnings per share. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. Equities analysts expect that Skyworks Solutions will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s payout ratio is 57.73%.

About Skyworks Solutions

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.