Skyworks Solutions (SWKS) Receives Hold Rating from Cowen

Cowen reiterated their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research note published on Friday.

Several other equities research analysts also recently weighed in on SWKS. Morgan Stanley raised their target price on shares of Skyworks Solutions from $85.00 to $87.00 and gave the company an underweight rating in a research note on Friday, July 20th. Needham & Company LLC raised their target price on shares of Skyworks Solutions from $110.00 to $118.00 and gave the company a buy rating in a research note on Friday, July 20th. Craig Hallum restated a buy rating and issued a $120.00 target price (up from $115.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. B. Riley raised their target price on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a buy rating in a research note on Friday, July 20th. Finally, DA Davidson lowered their target price on shares of Skyworks Solutions to $125.00 and set a buy rating for the company in a research note on Friday, July 20th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $107.79.

SWKS stock traded down $6.74 during trading on Friday, hitting $76.66. 8,436,241 shares of the company’s stock traded hands, compared to its average volume of 1,960,861. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.82 and a beta of 0.64. Skyworks Solutions has a 1 year low of $75.15 and a 1 year high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. Skyworks Solutions’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.82 earnings per share. On average, analysts anticipate that Skyworks Solutions will post 7.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 26th. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. Skyworks Solutions’s dividend payout ratio is presently 22.93%.

In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, September 21st. The shares were sold at an average price of $91.30, for a total value of $913,000.00. Following the completion of the transaction, the director now owns 152,252 shares of the company’s stock, valued at $13,900,607.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the completion of the transaction, the director now directly owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. Insiders sold 34,500 shares of company stock valued at $3,126,050 in the last ninety days. 0.47% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management increased its stake in shares of Skyworks Solutions by 3,665.0% during the third quarter. LSV Asset Management now owns 1,852,400 shares of the semiconductor manufacturer’s stock worth $168,031,000 after purchasing an additional 1,803,200 shares in the last quarter. Vulcan Value Partners LLC increased its stake in shares of Skyworks Solutions by 21.8% during the second quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock worth $636,129,000 after purchasing an additional 1,179,670 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Skyworks Solutions by 31.1% during the third quarter. First Trust Advisors LP now owns 1,391,837 shares of the semiconductor manufacturer’s stock worth $126,254,000 after purchasing an additional 330,404 shares in the last quarter. Ardevora Asset Management LLP increased its stake in shares of Skyworks Solutions by 394.7% during the second quarter. Ardevora Asset Management LLP now owns 349,732 shares of the semiconductor manufacturer’s stock worth $33,802,000 after purchasing an additional 279,032 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Skyworks Solutions by 22.6% during the third quarter. FMR LLC now owns 1,434,635 shares of the semiconductor manufacturer’s stock worth $130,136,000 after purchasing an additional 264,346 shares in the last quarter. 80.71% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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