Skyworks Solutions (NASDAQ:SWKS) Earns Neutral Rating from Susquehanna

Susquehanna reiterated their neutral rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a report released on Wednesday morning, Benzinga reports. They currently have a $125.00 price objective on the semiconductor manufacturer’s stock.

Several other equities analysts have also recently issued reports on SWKS. Rosenblatt Securities boosted their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a buy rating in a research note on Wednesday. Barclays boosted their target price on shares of Skyworks Solutions from $85.00 to $115.00 and gave the company an equal weight rating in a research note on Tuesday. Mizuho decreased their target price on shares of Skyworks Solutions from $125.00 to $115.00 and set a buy rating for the company in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a hold rating on shares of Skyworks Solutions in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set an equal weight rating for the company in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $113.94.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $104.70 on Wednesday. The company has a current ratio of 5.75, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12 month low of $85.06 and a 12 month high of $120.86. The company has a 50 day simple moving average of $105.55 and a two-hundred day simple moving average of $103.30. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 5.13 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The business had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same period in the previous year, the business posted $1.50 EPS. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. As a group, analysts predict that Skyworks Solutions will post 5.14 earnings per share for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.70 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.67%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Insider Transactions at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the completion of the sale, the vice president now owns 9,112 shares of the company’s stock, valued at $1,093,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total value of $54,240.00. Following the completion of the sale, the vice president now owns 9,112 shares of the company’s stock, valued at $1,093,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. Insiders sold 26,337 shares of company stock valued at $2,399,797 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds have recently modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of Skyworks Solutions by 96.3% in the second quarter. National Bank of Canada FI now owns 108,207 shares of the semiconductor manufacturer’s stock valued at $11,506,000 after purchasing an additional 53,086 shares during the period. Impact Partnership Wealth LLC lifted its position in Skyworks Solutions by 350.1% in the second quarter. Impact Partnership Wealth LLC now owns 8,200 shares of the semiconductor manufacturer’s stock valued at $874,000 after buying an additional 6,378 shares during the last quarter. Pzena Investment Management LLC lifted its position in Skyworks Solutions by 19.3% in the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock valued at $435,943,000 after buying an additional 661,144 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Skyworks Solutions by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer’s stock valued at $1,468,000 after buying an additional 100 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Skyworks Solutions by 0.7% in the second quarter. Rhumbline Advisers now owns 355,371 shares of the semiconductor manufacturer’s stock valued at $37,875,000 after buying an additional 2,616 shares during the last quarter. Hedge funds and other institutional investors 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.