Brokerages Set Skyworks Solutions, Inc. (NASDAQ:SWKS) PT at $106.25

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been given an average rating of “Hold” by the nineteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $106.25.

Several equities analysts have recently issued reports on SWKS shares. UBS Group cut their price target on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. KeyCorp downgraded Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Susquehanna restated a “neutral” rating and issued a $90.00 price target (down from $125.00) on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Finally, StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, March 29th.

Insider Buying and Selling

In related news, CEO Liam Griffin acquired 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the completion of the purchase, the chief executive officer now directly owns 104,153 shares in the company, valued at approximately $9,373,770. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Institutional Trading of Skyworks Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas bought a new position in shares of Skyworks Solutions in the first quarter worth $27,000. 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. Access Investment Management LLC bought a new stake in Skyworks Solutions during the 1st quarter valued at approximately $31,000. Milestone Investment Advisors LLC bought a new stake in shares of Skyworks Solutions in the 3rd quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. boosted its position 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 worth $37,000 after purchasing an additional 130 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

SWKS opened at $91.21 on Tuesday. The stock has a market cap of $14.63 billion, a PE ratio of 17.14, a P/E/G ratio of 4.33 and a beta of 1.35. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $115.69. The stock’s 50 day simple moving average is $100.00 and its 200-day simple moving average is $102.08.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The business had revenue of $1.05 billion for 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%. Sell-side analysts forecast that Skyworks Solutions will post 5.22 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st will be given a dividend of $0.68 per share. The ex-dividend date is Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.98%. Skyworks Solutions’s payout ratio is 51.13%.

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.