Skyworks Solutions Sets New 12-Month High at $54.88 (SWKS)
Skyworks Solutions (NASDAQ:SWKS)’s share price hit a new 52-week high during trading on Friday , American Banking & Market News reports. The stock traded as high as $54.88 and last traded at $53.92, with a volume of 1,669,693 shares changing hands. The stock had previously closed at $53.50.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $55.00 to $62.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Thursday, August 7th. Finally, analysts at Tigress Financial downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $55.47.
The stock has a 50-day moving average of $50.20 and a 200-day moving average of $41.51. The company has a market cap of $10.305 billion and a price-to-earnings ratio of 28.00.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly 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 $3.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Investors 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 0.82%. The ex-dividend date of this dividend is Tuesday, August 5th.
In other Skyworks Solutions news, EVP Bruce J. Freyman sold 51,500 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $52.50, for a total transaction of $2,703,750.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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