Skyworks Solutions (NASDAQ:SWKS) Price Target Increased to $125.00 by Analysts at Stifel Nicolaus

Skyworks Solutions (NASDAQ:SWKS) had its price target boosted by Stifel Nicolaus from $112.00 to $125.00 in a research note released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor manufacturer’s stock.

Several other equities research analysts have also recently commented on SWKS. Mizuho cut their target price on Skyworks Solutions from $125.00 to $115.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. Barclays increased their target price on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an equal weight rating in a report on Tuesday, July 30th. Citigroup lowered their price target on shares of Skyworks Solutions from $85.00 to $83.00 and set a sell rating on the stock in a research note on Thursday, May 2nd. Susquehanna increased their price objective on shares of Skyworks Solutions from $90.00 to $125.00 and gave the stock a neutral rating in a research note on Wednesday, July 17th. Finally, Needham & Company LLC restated a hold rating on shares of Skyworks Solutions in a report on Wednesday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $113.94.

Skyworks Solutions Stock Down 3.1 %

Skyworks Solutions stock opened at $104.70 on Wednesday. The company has a 50 day moving average of $105.55 and a 200-day moving average of $103.31. The company has a quick ratio of 3.81, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a twelve month low of $85.06 and a twelve month high of $120.86. The stock has a market capitalization of $16.72 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 5.13 and a beta of 1.23.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. The firm had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.41%. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. On average, equities research analysts anticipate that Skyworks Solutions will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.67%. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Insider Transactions at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at approximately $1,052,040. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 60,881 shares in the company, valued at approximately $5,495,727.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The disclosure for this sale can be found here. Insiders sold a total of 26,337 shares of company stock worth $2,399,797 over the last quarter. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Skyworks Solutions

Large investors have recently modified their holdings of the stock. BNP Paribas acquired a new stake in Skyworks Solutions during the first quarter worth about $27,000. Innealta Capital LLC acquired a new stake in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions in the second quarter valued at approximately $27,000. Access Investment Management LLC acquired a new position in Skyworks Solutions during the first quarter valued at approximately $31,000. Finally, Blue Trust Inc. lifted its stake 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 last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

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.