Skyworks Solutions Receives “Equal Weight” Rating from Barclays (SWKS)
Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “equal weight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Friday. They currently have a $48.00 target price on the stock, up from their previous target price of $44.00. Barclays’ price objective suggests a potential upside of 3.58% from the stock’s previous close.
A number of other analysts have also recently weighed in on SWKS. Analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $51.00 to $55.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Craig Hallum raised their price target on shares of Skyworks Solutions to $62.00 in a research note on Friday. Finally, analysts at JMP Securities raised their price target on shares of Skyworks Solutions from $50.00 to $60.00 in a research note on Friday. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.06.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 14.37% on Friday, hitting $52.9999. 11,283,938 shares of the company’s stock traded hands. Skyworks Solutions has a 1-year low of $22.24 and a 1-year high of $49.10. The stock has a 50-day moving average of $46.69 and a 200-day moving average of $38.2. The company has a market cap of $10.048 billion and a price-to-earnings ratio of 27.57.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $80.00 by $79.17. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $570.37 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. Analysts expect that Skyworks Solutions will post $2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.95%.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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