Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Consensus Rating of "Hold" from Brokerages

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have earned an average recommendation of "Hold" from the twenty-two research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $112.53.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Skyworks Solutions from $105.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Piper Sandler reiterated a "neutral" rating and set a $115.00 price target (up previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Bank of America boosted their target price on Skyworks Solutions from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 31st. Susquehanna restated a "neutral" rating and issued a $125.00 target price on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research report on Wednesday, July 31st.

Skyworks Solutions Price Performance

Shares of SWKS traded up $0.55 during trading hours on Friday, reaching $98.61. 1,211,045 shares of the company's stock traded hands, compared to its average volume of 2,370,834. The stock has a market cap of $15.75 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 4.50 and a beta of 1.20. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm's 50 day simple moving average is $101.30 and its 200-day simple moving average is $101.85. Skyworks Solutions has a 12 month low of $85.06 and a 12 month high of $120.86.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.21. The firm had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company's revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. Equities analysts expect that Skyworks Solutions will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Tuesday, August 20th. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.68. Skyworks Solutions's dividend payout ratio is currently 57.73%.

Insider Activity at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of Skyworks Solutions stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now owns 37,203 shares of the company's stock, valued at approximately $3,793,589.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,341 shares of company stock worth $2,142,110 over the last quarter. 0.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SWKS. Vulcan Value Partners LLC lifted its position in Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock valued at $481,552,000 after acquiring an additional 1,262,964 shares during the period. Pacer Advisors Inc. lifted its position in Skyworks Solutions by 54.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock valued at $370,768,000 after acquiring an additional 1,233,618 shares during the period. Swedbank AB purchased a new position in Skyworks Solutions in the first quarter worth about $110,086,000. Vanguard Group Inc. raised its holdings in Skyworks Solutions by 4.0% in the first 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. Finally, Pzena Investment Management LLC raised its holdings in Skyworks Solutions by 27.5% in 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 during the last quarter. 85.43% of the stock is owned by hedge funds and other 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.