Skyworks Solutions (NASDAQ:SWKS) Given New $140.00 Price Target at Craig Hallum

Skyworks Solutions (NASDAQ:SWKS) had its price target raised by Craig Hallum from $125.00 to $140.00 in a research note released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the semiconductor manufacturer’s stock.

SWKS has been the subject of several other research reports. B. Riley raised shares of Skyworks Solutions from a neutral rating to a buy rating and raised their price target for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Benchmark downgraded Skyworks Solutions from a buy rating to a hold rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price target on Skyworks Solutions from $120.00 to $105.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. Citigroup cut their price objective on Skyworks Solutions from $85.00 to $83.00 and set a sell rating on the stock in a research note on Thursday, May 2nd. Finally, TD Cowen increased their target price on shares of Skyworks Solutions from $90.00 to $110.00 and gave the company a hold rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $113.94.

Skyworks Solutions Trading Down 3.1 %

NASDAQ SWKS opened at $104.70 on Wednesday. Skyworks Solutions has a twelve month low of $85.06 and a twelve month high of $120.86. The business’s fifty day moving average is $105.55 and its 200 day moving average is $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. The company has a market cap of $16.72 billion, a price-to-earnings 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 quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm had revenue of $905.50 million for the quarter, compared to analyst estimates of $900.41 million. During the same period last year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. As a group, sell-side analysts expect that Skyworks Solutions will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

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

Insider Buying and Selling at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were 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 of the company’s stock, valued at approximately $1,052,040. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Philip Matthew Carter sold 452 shares of the 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 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 Securities & Exchange Commission, which is available at this link. Also, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,337 shares of company stock valued at $2,399,797. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently modified their holdings of SWKS. BNP Paribas purchased a new stake in shares of Skyworks Solutions during the 1st quarter valued at $27,000. Innealta Capital LLC bought a new stake in Skyworks Solutions in the second quarter worth about $27,000. Rothschild Investment LLC purchased a new position in Skyworks Solutions in the second quarter valued at about $27,000. Access Investment Management LLC bought a new position in shares of Skyworks Solutions during the 1st quarter valued at approximately $31,000. Finally, Blue Trust Inc. grew its position in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 149 shares during the period. 85.43% 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 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.