Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $101.00 Average Price Target from Analysts

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been given a consensus rating of “Hold” by the twenty-two research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $101.00.

SWKS has been the topic of a number of recent research reports. Susquehanna reduced their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. B. Riley lowered their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Citigroup lowered their price target on shares of Skyworks Solutions from $83.00 to $72.00 and set a “sell” rating for the company in a research report on Wednesday, November 13th. Loop Capital started coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Piper Sandler reduced their price target on shares of Skyworks Solutions from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the completion of the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. The trade was a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,520 shares of company stock worth $2,083,803. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Everence Capital Management Inc. acquired a new stake in Skyworks Solutions in the 4th quarter valued at about $204,000. Principal Financial Group Inc. increased its holdings in Skyworks Solutions by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 200,873 shares of the semiconductor manufacturer’s stock worth $19,840,000 after purchasing an additional 6,302 shares during the period. Synovus Financial Corp raised its holdings in Skyworks Solutions by 17.4% in the third quarter. Synovus Financial Corp now owns 5,123 shares of the semiconductor manufacturer’s stock valued at $506,000 after acquiring an additional 760 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Skyworks Solutions by 1.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 65,784 shares of the semiconductor manufacturer’s stock worth $6,497,000 after purchasing an additional 1,244 shares in the last quarter. Finally, Arvest Bank Trust Division acquired a new stake in Skyworks Solutions during the third quarter worth approximately $11,209,000. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Price Performance

Skyworks Solutions stock opened at $88.85 on Wednesday. The firm has a market capitalization of $14.21 billion, a P/E ratio of 24.01, a PEG ratio of 2.01 and a beta of 1.15. Skyworks Solutions has a one year low of $82.13 and a one year high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24. The business has a fifty day moving average price of $88.36 and a 200-day moving average price of $98.72.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter last year, the company posted $1.95 EPS. As a group, equities research analysts forecast that Skyworks Solutions will post 4.45 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.15%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s payout ratio is currently 75.68%.

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.