Susquehanna Boosts Skyworks Solutions (NASDAQ:SWKS) Price Target to $125.00

Skyworks Solutions (NASDAQ:SWKS) had its target price upped by Susquehanna from $90.00 to $125.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the semiconductor manufacturer’s stock.

SWKS has been the subject of several other research reports. Stifel Nicolaus cut their target price on Skyworks Solutions from $122.00 to $112.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Benchmark cut shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Wednesday, May 1st. Citigroup reduced their target price on Skyworks Solutions from $85.00 to $83.00 and set a sell rating on the stock in a report on Thursday, May 2nd. Mizuho cut their price target on Skyworks Solutions from $125.00 to $115.00 and set a buy rating for the company in a report on Wednesday, May 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set an equal weight rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has a consensus rating of Hold and an average price target of $107.14.

Skyworks Solutions Trading Down 2.7 %

Skyworks Solutions stock opened at $114.26 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. The company’s fifty day moving average price is $101.43 and its two-hundred day moving average price is $102.59. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 5.59 and a beta of 1.23. Skyworks Solutions has a one year low of $85.06 and a one year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. On average, analysts forecast that Skyworks Solutions will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a yield of 2.38%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insider Buying and Selling at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the sale, the vice president now directly owns 9,112 shares in the company, valued at $1,093,440. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 26,337 shares of company stock valued at $2,399,797. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors have recently bought and sold shares of the company. BNP Paribas acquired a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $27,000. Access Investment Management LLC acquired a new stake in Skyworks Solutions in the 1st quarter valued at about $31,000. Blue Trust Inc. grew its holdings in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares during the period. ST Germain D J Co. Inc. increased its position in Skyworks Solutions by 60.5% during the first quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 130 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its position in shares of Skyworks Solutions by 790.0% in the fourth quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 316 shares during the period. 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.