Traders Buy Skyworks Solutions (SWKS) on Weakness

Traders bought shares of Skyworks Solutions Inc (NASDAQ:SWKS) on weakness during trading hours on Tuesday. $41.22 million flowed into the stock on the tick-up and $19.56 million flowed out of the stock on the tick-down, for a money net flow of $21.66 million into the stock. Of all equities tracked, Skyworks Solutions had the 15th highest net in-flow for the day. Skyworks Solutions traded down ($1.09) for the day and closed at $92.72

A number of research firms have recently commented on SWKS. Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Wednesday, July 25th. Cowen reissued a “hold” rating and issued a $105.00 target price (up from $100.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. B. Riley increased their target price on Skyworks Solutions from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Canaccord Genuity cut their target price on Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, May 1st. Finally, BidaskClub cut Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $115.26.

The firm has a market cap of $16.66 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.56.



Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $894.30 million for the quarter, compared to the consensus estimate of $889.00 million. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. research analysts forecast that Skyworks Solutions Inc will post 6.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th will be issued a dividend of $0.38 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, August 6th. Skyworks Solutions’s dividend payout ratio is presently 25.42%.

In other news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $95.92, for a total transaction of $959,200.00. Following the transaction, the director now directly owns 152,252 shares of the company’s stock, valued at $14,604,011.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.47% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Skyworks Solutions by 0.7% in the first quarter. BlackRock Inc. now owns 13,301,161 shares of the semiconductor manufacturer’s stock valued at $1,333,577,000 after acquiring an additional 94,801 shares during the period. Vulcan Value Partners LLC raised its stake in shares of Skyworks Solutions by 21.8% in the second quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock worth $636,129,000 after buying an additional 1,179,670 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Skyworks Solutions by 6.4% in the second quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock worth $296,944,000 after buying an additional 185,039 shares during the period. Northern Trust Corp raised its stake in shares of Skyworks Solutions by 0.3% in the first quarter. Northern Trust Corp now owns 2,311,647 shares of the semiconductor manufacturer’s stock worth $231,766,000 after buying an additional 6,158 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Skyworks Solutions by 12.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 2,173,301 shares of the semiconductor manufacturer’s stock worth $217,895,000 after buying an additional 236,320 shares during the period. 81.42% of the stock is currently owned by institutional investors.

Skyworks Solutions Company Profile (NASDAQ:SWKS)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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