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

Skyworks Solutions, Inc. (NASDAQ:SWKS) has earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $115.10.

SWKS has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, January 31st. B. Riley increased their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna increased their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. StockNews.com cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th.

Institutional Trading of Skyworks Solutions

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 18,656,578 shares of the semiconductor manufacturer’s stock worth $2,097,372,000 after purchasing an additional 123,564 shares during the period. Victory Capital Management Inc. boosted its stake in Skyworks Solutions by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after purchasing an additional 136,188 shares during the period. Invesco Ltd. boosted its stake in Skyworks Solutions by 11.8% in the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after purchasing an additional 321,243 shares during the period. FIL Ltd boosted its stake in Skyworks Solutions by 2.4% in the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after purchasing an additional 64,389 shares during the period. Finally, Pzena Investment Management LLC acquired a new position in Skyworks Solutions in the 4th quarter worth approximately $302,309,000. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Up 1.8 %

SWKS stock opened at $102.95 on Friday. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.84 and a beta of 1.37. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $104.06 and a 200-day simple moving average of $101.74. Skyworks Solutions has a 52 week low of $85.06 and a 52 week high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $2.33 EPS. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, equities research analysts expect that Skyworks Solutions will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Friday, February 16th. Skyworks Solutions’s payout ratio is 48.23%.

Skyworks Solutions Company Profile

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.