Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) PT at $115.10

Skyworks Solutions, Inc. (NASDAQ:SWKS) has been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $115.10.

SWKS has been the subject of a number of research reports. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. B. Riley boosted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Susquehanna boosted their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st.

Skyworks Solutions Stock Up 1.3 %

SWKS opened at $104.30 on Friday. The business has a 50 day moving average price of $104.07 and a 200 day moving average price of $101.83. Skyworks Solutions has a twelve month low of $85.06 and a twelve month high of $115.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.51 and a current ratio of 5.02. The firm has a market cap of $16.71 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business posted $2.33 earnings per share. Skyworks Solutions’s quarterly revenue was down 9.6% on a year-over-year basis. Research analysts forecast that Skyworks Solutions will post 5.65 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.61%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Skyworks Solutions by 98.1% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Milestone Investment Advisors LLC bought a new position in shares of Skyworks Solutions during the 3rd quarter valued at about $34,000. ST Germain D J Co. Inc. lifted its holdings in shares of Skyworks Solutions by 60.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Skyworks Solutions by 790.0% in the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 316 shares during the last quarter. Finally, Vestor Capital LLC bought a new stake in Skyworks Solutions in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.