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

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have been assigned an average rating of "Hold" from the twenty-two research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $101.00.

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of Skyworks Solutions from $117.00 to $87.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Craig Hallum dropped their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Citigroup decreased their price target on Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a research note on Wednesday, November 13th. Piper Sandler cut their price objective on Skyworks Solutions from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Finally, B. Riley decreased their target price on Skyworks Solutions from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th.

Skyworks Solutions Price Performance

Shares of SWKS traded up $1.45 during trading hours on Friday, hitting $87.87. 3,203,816 shares of the stock were exchanged, compared to its average volume of 2,558,383. The stock's 50-day moving average price is $91.35 and its two-hundred day moving average price is $99.44. Skyworks Solutions has a 12-month low of $82.13 and a 12-month high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $1.95 earnings per share. The company's revenue for the quarter was down 15.9% on a year-over-year basis. Research analysts expect that Skyworks Solutions will post 4.45 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions's payout ratio is currently 75.68%.

Insider Activity

In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,841 shares of company stock valued at $3,034,265. Insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $27,000. Rothschild Investment LLC purchased a new position in Skyworks Solutions in the second quarter valued at about $27,000. Erste Asset Management GmbH purchased a new position in Skyworks Solutions in the third quarter valued at about $27,000. Investors Research Corp lifted its position in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer's stock valued at $34,000 after acquiring an additional 213 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds 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.