Skyworks Solutions (NASDAQ:SWKS) Stock Rating Reaffirmed by Susquehanna

Susquehanna reaffirmed their neutral rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report released on Wednesday, Benzinga reports. The firm currently has a $125.00 target price on the semiconductor manufacturer’s stock.

Several other research analysts also recently commented on the stock. Craig Hallum lifted their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a buy rating in a report on Wednesday. Rosenblatt Securities boosted their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the stock a buy rating in a research report on Wednesday. Bank of America raised their target price on Skyworks Solutions from $95.00 to $110.00 and gave the company an underperform rating in a report on Wednesday. Wells Fargo & Company cut their price target on Skyworks Solutions from $110.00 to $100.00 and set an equal weight rating for the company in a report on Wednesday, May 1st. Finally, Needham & Company LLC restated a hold rating on shares of Skyworks Solutions in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $113.94.

Skyworks Solutions Price Performance

NASDAQ SWKS opened at $104.70 on Wednesday. The firm has a market cap of $16.72 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 4.98 and a beta of 1.23. The stock’s 50-day moving average is $105.55 and its two-hundred day moving average is $103.31. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 3.81.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results 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 return on equity of 15.41% and a net margin of 17.85%. The firm had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same period in the previous year, the company earned $1.50 EPS. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, analysts anticipate that Skyworks Solutions will post 5.21 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.67%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is currently 51.13%.

Insider Transactions at Skyworks Solutions

In related news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the sale, the director now owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The disclosure for this sale can be found here. Insiders have sold 26,337 shares of company stock valued at $2,399,797 in the last three months. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BNP Paribas acquired a new position in Skyworks Solutions in the first quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the 2nd quarter worth $27,000. Access Investment Management LLC acquired a new stake in shares of Skyworks Solutions during the first quarter worth $31,000. Finally, Blue Trust Inc. increased its holdings in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

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.