Skyworks Solutions, Inc. (NASDAQ:SWKS) has been assigned a consensus recommendation of “Buy” from the thirty analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $110.60.

Several brokerages recently commented on SWKS. Northland Securities reaffirmed a “buy” rating and issued a $115.00 target price on shares of Skyworks Solutions in a research note on Friday, August 4th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $117.35 target price on the stock in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Skyworks Solutions in a research note on Monday, July 31st. Finally, MKM Partners reaffirmed a “buy” rating and issued a $115.00 target price on shares of Skyworks Solutions in a research note on Wednesday, July 26th.

Shares of Skyworks Solutions (SWKS) opened at 101.60 on Friday. The stock’s 50 day moving average is $102.58 and its 200 day moving average is $100.04. The firm has a market capitalization of $18.67 billion, a PE ratio of 19.50 and a beta of 0.82. Skyworks Solutions has a 52-week low of $65.76 and a 52-week high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The company had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. During the same period in the previous year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities research analysts forecast that Skyworks Solutions will post $6.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, August 4th. This represents a $1.28 annualized dividend and a yield of 1.26%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.28. Skyworks Solutions’s dividend payout ratio is currently 24.57%.

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In other news, Director Christine King sold 3,500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total transaction of $380,940.00. Following the completion of the sale, the director now owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the sale, the insider now directly owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Cim LLC raised its stake in Skyworks Solutions by 3.6% in the first quarter. Cim LLC now owns 6,118 shares of the semiconductor manufacturer’s stock valued at $599,000 after buying an additional 215 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Skyworks Solutions during the first quarter valued at approximately $1,340,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Skyworks Solutions by 3.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,878 shares of the semiconductor manufacturer’s stock valued at $2,927,000 after buying an additional 886 shares during the last quarter. Swiss National Bank raised its stake in Skyworks Solutions by 26.3% in the first quarter. Swiss National Bank now owns 658,400 shares of the semiconductor manufacturer’s stock valued at $64,510,000 after buying an additional 137,100 shares during the last quarter. Finally, Cibc World Markets Corp raised its stake in Skyworks Solutions by 47.4% in the first quarter. Cibc World Markets Corp now owns 20,264 shares of the semiconductor manufacturer’s stock valued at $1,985,000 after buying an additional 6,514 shares during the last quarter. 81.19% of the stock is owned by hedge funds and other institutional investors.

About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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