Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target at $106.25

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been assigned an average recommendation of “Hold” from the nineteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $106.25.

Several analysts have weighed in on SWKS shares. Wells Fargo & Company lowered their price objective on Skyworks Solutions from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Benchmark cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Susquehanna reaffirmed a “neutral” rating and set a $90.00 price objective (down from $125.00) on shares of Skyworks Solutions in a research report on Wednesday, May 1st. Citigroup lowered their target price on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st.

Skyworks Solutions Stock Down 2.4 %

SWKS stock opened at $91.21 on Tuesday. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $14.63 billion, a PE ratio of 17.14, a PEG ratio of 4.33 and a beta of 1.35. Skyworks Solutions has a twelve month low of $85.06 and a twelve month high of $115.69. The stock has a 50-day simple moving average of $100.00 and a two-hundred day simple moving average of $102.08.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.26 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, equities analysts predict that Skyworks Solutions will post 5.22 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Insider Buying and Selling

In other news, CEO Liam Griffin bought 11,142 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after buying an additional 745,374 shares during the last quarter. Victory Capital Management Inc. lifted its position in Skyworks Solutions by 3.4% during the third quarter. Victory Capital Management Inc. now owns 4,133,012 shares of the semiconductor manufacturer’s stock worth $407,474,000 after buying an additional 136,188 shares in the last quarter. Pzena Investment Management LLC lifted its position in Skyworks Solutions by 27.5% during the first quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after buying an additional 740,048 shares in the last quarter. Invesco Ltd. lifted its position in Skyworks Solutions by 11.8% during the third quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock worth $299,245,000 after buying an additional 321,243 shares in the last quarter. Finally, FIL Ltd increased its stake in Skyworks Solutions by 2.4% during the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after acquiring an additional 64,389 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

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.