TD Cowen Increases Skyworks Solutions (NASDAQ:SWKS) Price Target to $125.00

Skyworks Solutions (NASDAQ:SWKSFree Report) had its price target boosted by TD Cowen from $115.00 to $125.00 in a research report sent to investors on Wednesday morning, Briefing.com reports. The firm currently has an outperform rating on the semiconductor manufacturer’s stock.

Other analysts have also recently issued reports about the company. KeyCorp lowered their target price on Skyworks Solutions from $130.00 to $120.00 and set an overweight rating for the company in a research note on Friday, November 3rd. Mizuho increased their target price on Skyworks Solutions from $108.00 to $125.00 and gave the stock a buy rating in a research note on Monday, December 18th. Morgan Stanley decreased their price target on shares of Skyworks Solutions from $112.00 to $95.00 and set an equal weight rating for the company in a research note on Friday, November 3rd. Summit Insights cut shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Friday, November 3rd. Finally, Citigroup cut shares of Skyworks Solutions from a neutral rating to a sell rating and decreased their price target for the stock from $116.00 to $87.00 in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $117.48.

Get Our Latest Stock Analysis on SWKS

Skyworks Solutions Stock Performance

Shares of NASDAQ:SWKS opened at $104.46 on Wednesday. The company has a market capitalization of $16.74 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.17 and a beta of 1.39. The firm’s 50 day simple moving average is $105.38 and its 200 day simple moving average is $102.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.33 and a quick ratio of 2.16. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $123.69.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.94%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company posted $2.33 EPS. Skyworks Solutions’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that Skyworks Solutions will post 5.95 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.60%. Skyworks Solutions’s payout ratio is currently 48.23%.

Insider Buying and Selling

In related news, CFO Kris Sennesael sold 12,770 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $89.97, for a total value of $1,148,916.90. Following the transaction, the chief financial officer now owns 89,482 shares in the company, valued at $8,050,695.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Skyworks Solutions news, SVP Karilee A. Durham sold 3,189 shares of Skyworks Solutions stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $110.00, for a total value of $350,790.00. Following the transaction, the senior vice president now owns 17,323 shares in the company, valued at $1,905,530. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kris Sennesael sold 12,770 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $89.97, for a total value of $1,148,916.90. Following the sale, the chief financial officer now owns 89,482 shares in the company, valued at $8,050,695.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,277 shares of company stock worth $2,620,426. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Safeguard Investment Advisory Group LLC grew its holdings in shares of Skyworks Solutions by 0.6% during the second quarter. Safeguard Investment Advisory Group LLC now owns 15,595 shares of the semiconductor manufacturer’s stock worth $1,726,000 after purchasing an additional 90 shares during the last quarter. Unison Advisors LLC lifted its stake in shares of Skyworks Solutions by 0.6% in the second quarter. Unison Advisors LLC now owns 16,789 shares of the semiconductor manufacturer’s stock worth $1,858,000 after acquiring an additional 92 shares during the period. Eukles Asset Management lifted its stake in shares of Skyworks Solutions by 0.5% in the second quarter. Eukles Asset Management now owns 20,640 shares of the semiconductor manufacturer’s stock worth $2,285,000 after acquiring an additional 93 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Skyworks Solutions by 4.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,083 shares of the semiconductor manufacturer’s stock worth $231,000 after acquiring an additional 93 shares during the period. Finally, John G Ullman & Associates Inc. lifted its stake in shares of Skyworks Solutions by 3.1% in the fourth quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 100 shares during the period. 81.39% of the stock is currently owned by institutional investors.

About Skyworks Solutions

(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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