Skyworks Solutions Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reaffirmed by investment analysts at Brean Capital in a report issued on Wednesday.

Several other analysts have also recently weighed in on SWKS. Vetr cut shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $70.16 target price on the stock. in a report on Monday, July 11th. Drexel Hamilton reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 6th. B. Riley cut shares of Skyworks Solutions to a “buy” rating in a report on Monday, June 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $73.00 target price on shares of Skyworks Solutions in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Skyworks Solutions has an average rating of “Buy” and an average target price of $83.04.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions (NASDAQ:SWKS) traded up 0.5135% during mid-day trading on Wednesday, reaching $76.1088. 1,242,946 shares of the company’s stock traded hands. Skyworks Solutions has a 52 week low of $54.50 and a 52 week high of $89.72. The stock’s 50 day moving average is $71.14 and its 200-day moving average is $69.27. The stock has a market capitalization of $14.27 billion, a PE ratio of 15.0740 and a beta of 1.15.

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Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The business had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. On average, equities analysts anticipate that Skyworks Solutions will post $5.53 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Tuesday, August 2nd. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.26. Skyworks Solutions’s payout ratio is 22.18%.

In related news, Chairman David J. Aldrich sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $59.46, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 140,327 shares of the company’s stock, valued at approximately $8,343,843.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Furey sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $74.87, for a total transaction of $374,350.00. Following the completion of the transaction, the director now directly owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. increased its position in shares of Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares during the last quarter. Bellwether Investment Group LLC purchased a new position in shares of Skyworks Solutions during the second quarter valued at $125,000. Synovus Financial Corp increased its position in shares of Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock valued at $143,000 after buying an additional 315 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock valued at $150,000 after buying an additional 673 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its position in shares of Skyworks Solutions by 101.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,585 shares of the semiconductor manufacturer’s stock valued at $164,000 after buying an additional 1,302 shares during the last quarter. 76.66% of the stock is owned by hedge funds and other institutional investors.

About Skyworks Solutions

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

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