Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target at $108.94

Skyworks Solutions, Inc. (NASDAQ:SWKS) has received a consensus rating of “Hold” from the twenty-two ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $101.00.

Several equities analysts have weighed in on SWKS shares. Robert W. Baird lifted their price target on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stifel Nicolaus increased their price target on Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upgraded Skyworks Solutions to a “hold” rating in a research report on Wednesday, July 31st. Finally, Susquehanna cut their target price on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday.

Skyworks Solutions Stock Down 0.4 %

SWKS opened at $83.69 on Tuesday. The firm’s 50 day simple moving average is $95.14 and its two-hundred day simple moving average is $100.16. The company has a market capitalization of $13.37 billion, a PE ratio of 22.62, a PEG ratio of 1.53 and a beta of 1.21. Skyworks Solutions has a 1-year low of $82.13 and a 1-year high of $120.86. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $1.95 EPS. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. As a group, equities analysts forecast that Skyworks Solutions will post 5.39 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.35%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Insiders Place Their Bets

In other news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 27.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock valued at $3,034,265 over the last ninety days. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Skyworks Solutions

Several institutional investors have recently made changes to their positions in SWKS. Envestnet Portfolio Solutions Inc. boosted its position in shares of Skyworks Solutions by 8.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,652 shares of the semiconductor manufacturer’s stock valued at $937,000 after buying an additional 658 shares during the period. Forsta AP Fonden grew its position in Skyworks Solutions by 13.6% in the 1st quarter. Forsta AP Fonden now owns 30,000 shares of the semiconductor manufacturer’s stock valued at $3,250,000 after acquiring an additional 3,600 shares during the last quarter. Sei Investments Co. increased its stake in Skyworks Solutions by 49.1% in the first quarter. Sei Investments Co. now owns 179,590 shares of the semiconductor manufacturer’s stock worth $19,451,000 after purchasing an additional 59,145 shares during the period. QRG Capital Management Inc. lifted its position in shares of Skyworks Solutions by 1.4% during the first quarter. QRG Capital Management Inc. now owns 24,419 shares of the semiconductor manufacturer’s stock worth $2,645,000 after purchasing an additional 328 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Skyworks Solutions by 6.8% during the first quarter. US Bancorp DE now owns 46,768 shares of the semiconductor manufacturer’s stock valued at $5,066,000 after purchasing an additional 2,970 shares during the period. 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.