Skyworks Solutions, Inc. (SWKS) Earns “Hold” Rating from BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in a research report report published on Friday morning. The firm currently has a $100.00 target price on the semiconductor manufacturer’s stock.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Skyworks Solutions from a hold rating to a buy rating and set a $114.00 target price for the company in a research report on Tuesday, April 11th. Craig Hallum raised their target price on Skyworks Solutions from $100.00 to $110.00 and gave the stock a buy rating in a research report on Tuesday, April 4th. Macquarie started coverage on Skyworks Solutions in a research report on Thursday, March 30th. They issued an outperform rating and a $110.00 target price for the company. Mizuho reissued a buy rating on shares of Skyworks Solutions in a research report on Friday, April 28th. Finally, Charter Equity reaffirmed a buy rating on shares of Skyworks Solutions in a report on Saturday, April 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of Buy and a consensus price target of $106.74.

Shares of Skyworks Solutions (NASDAQ SWKS) opened at 107.47 on Friday. The stock’s 50 day moving average price is $102.89 and its 200-day moving average price is $97.40. Skyworks Solutions has a 52-week low of $62.40 and a 52-week high of $112.11. The company has a market capitalization of $19.80 billion, a P/E ratio of 20.63 and a beta of 0.81.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 29.13% and a net margin of 27.86%. The business had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. During the same period last year, the business posted $1.24 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities analysts expect that Skyworks Solutions will post $6.38 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.19%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 21.50%.

In related news, insider David J. Aldrich sold 47,475 shares of Skyworks Solutions stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $102.00, for a total transaction of $4,842,450.00. Following the completion of the sale, the insider now owns 191,731 shares of the company’s stock, valued at $19,556,562. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert John Terry sold 3,233 shares of Skyworks Solutions stock in a transaction on Monday, May 1st. The shares were sold at an average price of $100.26, for a total value of $324,140.58. The disclosure for this sale can be found here. Insiders have sold 93,458 shares of company stock valued at $9,512,091 in the last three months. 0.49% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Skyworks Solutions by 2.7% in the first quarter. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer’s stock valued at $1,746,298,000 after buying an additional 466,480 shares during the period. BlackRock Inc. raised its stake in shares of Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after buying an additional 11,673,555 shares during the period. State Street Corp raised its stake in shares of Skyworks Solutions by 0.5% in the first quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock valued at $758,285,000 after buying an additional 38,898 shares during the period. Geode Capital Management LLC raised its stake in shares of Skyworks Solutions by 9.6% in the first quarter. Geode Capital Management LLC now owns 2,170,250 shares of the semiconductor manufacturer’s stock valued at $212,388,000 after buying an additional 189,313 shares during the period. Finally, Winslow Capital Management LLC purchased a new stake in shares of Skyworks Solutions during the first quarter valued at about $205,388,000. 81.27% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)




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