Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) PT at $114.18

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have earned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $114.18.

SWKS has been the topic of several research reports. Susquehanna reaffirmed a “neutral” rating and set a $125.00 price target on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Robert W. Baird upped their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $115.00 price objective (up from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st.

Insider Buying and Selling

In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now owns 9,112 shares of the company’s stock, valued at approximately $1,093,440. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the transaction, the vice president now directly owns 9,112 shares of the company’s stock, valued at $1,093,440. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,068 shares of company stock worth $1,252,490. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its position in Skyworks Solutions by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer’s stock worth $239,000 after acquiring an additional 87 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Skyworks Solutions by 3.0% during the 1st quarter. HB Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $349,000 after purchasing an additional 94 shares during the last quarter. Lcnb Corp raised its holdings in shares of Skyworks Solutions by 2.4% in the 4th quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $490,000 after purchasing an additional 100 shares during the period. AlphaMark Advisors LLC lifted its stake in Skyworks Solutions by 14.8% in the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer’s stock valued at $83,000 after purchasing an additional 100 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Skyworks Solutions by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock worth $1,468,000 after purchasing an additional 100 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Trading Down 1.2 %

Shares of NASDAQ SWKS opened at $98.85 on Monday. Skyworks Solutions has a 1-year low of $85.06 and a 1-year high of $120.86. The company has a 50-day moving average of $104.89 and a two-hundred day moving average of $102.75. The company has a market cap of $15.79 billion, a PE ratio of 18.58, a P/E/G ratio of 4.63 and a beta of 1.21. The company has a current ratio of 5.75, a quick ratio of 4.29 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 for the quarter, hitting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The firm had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same quarter in the previous year, the company posted $1.50 EPS. Skyworks Solutions’s revenue was down 15.5% on a year-over-year basis. As a group, equities analysts expect that Skyworks Solutions will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were paid a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 52.63%.

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.