Skyworks Solutions (NASDAQ:SWKS) Earns Hold Rating from Analysts at Loop Capital

Loop Capital began coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a research note issued to investors on Monday, Marketbeat reports. The brokerage issued a hold rating and a $90.00 price target on the semiconductor manufacturer’s stock.

Several other research firms have also weighed in on SWKS. Susquehanna dropped their price target on Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. TD Cowen raised their price target on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Rosenblatt Securities raised their price target on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Bank of America raised their price target on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $101.59.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $83.18 on Monday. Skyworks Solutions has a twelve month low of $82.13 and a twelve month high of $120.86. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21. The business has a 50 day simple moving average of $95.79 and a 200-day simple moving average of $100.49.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.73% and a net margin of 14.27%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $1.95 EPS. The firm’s revenue was down 15.9% on a year-over-year basis. As a group, equities research analysts expect that Skyworks Solutions will post 5.39 earnings per share for the current year.

Skyworks Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.37%. Skyworks Solutions’s payout ratio is presently 75.68%.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,684 shares of company stock valued at $3,232,333. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of Skyworks Solutions

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Skyworks Solutions by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after buying an additional 745,374 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Skyworks Solutions by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock valued at $477,173,000 after purchasing an additional 176,070 shares during the last quarter. Vulcan Value Partners LLC raised its position in Skyworks Solutions by 38.8% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock valued at $481,552,000 after purchasing an additional 1,262,964 shares during the last quarter. Pzena Investment Management LLC raised its position in Skyworks Solutions by 19.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock valued at $435,943,000 after purchasing an additional 661,144 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock valued at $370,768,000 after purchasing an additional 1,233,618 shares during 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.