Skyworks Solutions Given Average Recommendation of “Buy” by Analysts (NASDAQ:SWKS)
Shares of Skyworks Solutions (NASDAQ:SWKS) have earned an average recommendation of “Buy” from the nineteen brokerages that are currently covering the stock, AnalystRatings.NET reports. Two analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $55.06.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 52.87 on Wednesday. Skyworks Solutions has a 52 week low of $23.27 and a 52 week high of $53.45. The stock has a 50-day moving average of $47.11 and a 200-day moving average of $38.47. The company has a market cap of $9.913 billion and a P/E ratio of 24.25.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 17th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.54 earnings per share. Skyworks Solutions’s revenue was up 34.6% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions will post $3.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.83%.
A number of analysts have recently weighed in on SWKS shares. Analysts at Zacks upgraded shares of Skyworks Solutions from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $56.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Skyworks Solutions in a research note on Friday. They now have a $48.00 price target on the stock, up previously from $44.00. Finally, 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.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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