Skyworks Solutions (NASDAQ: SWKS) has recently received a number of price target changes and ratings updates:

  • 11/10/2017 – Skyworks Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Skyworks ended fiscal 2017 on a strong note. The company reported impressive fourth-quarter results as both earnings and revenues increased on a year-over-year basis. The strong results reflected the company’s growing clout in the connectivity solutions and 5G market. The emergence of connected homes, autonomous vehicles, artificial intelligence (AI), augmented reality, wearables and network infrastructure presents significant growth opportunity for Skyworks’ connectivity solutions. We note that Skyworks has outperformed the broader market on a year-to-date basis. However, heavy investments in research & development are escalating operating expenses, which will continue to drag down margins. Moreover, significant pricing pressure and high concentration risks are other headwinds.”
  • 11/7/2017 – Skyworks Solutions was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $118.57 price target on the stock.
  • 11/7/2017 – Skyworks Solutions had its price target raised by analysts at Bank of America Corporation from $120.00 to $125.00.
  • 11/7/2017 – Skyworks Solutions had its price target raised by analysts at Needham & Company LLC from $110.00 to $120.00. They now have a “buy” rating on the stock.
  • 11/7/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $128.00 price target on the stock, up previously from $120.00.
  • 11/7/2017 – Skyworks Solutions had its price target raised by analysts at KeyCorp from $120.00 to $125.00. They now have an “in-line” rating on the stock.
  • 11/7/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $131.00 price target on the stock.
  • 11/7/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $130.00 price target on the stock.
  • 11/7/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Mizuho. They wrote, “We are adjusting our DecQ rev/EPS from $1.05B/$1.90 to $1.05B/$1.91, F18E from $4.05B/$7.24 to $4.05B/$7.29, and F19E from $4.37B/$8.00 to $4.37B/$8.02. Reiterating our Buy and raising PT to $125 (prior $120), ~17.1x our F18E EPS. Continued strong execution, iPhone X ramp, China CA and 5G TDD Tc-SAW ramp with improving GM positions SWKS well.””
  • 11/7/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $125.00 price target on the stock, up previously from $117.00.
  • 11/6/2017 – Skyworks Solutions had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $100.00 price target on the stock.
  • 10/30/2017 – Skyworks Solutions was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $114.92 price target on the stock.
  • 10/18/2017 – Skyworks Solutions had its price target raised by analysts at Barclays PLC from $110.00 to $120.00. They now have an “overweight” rating on the stock.
  • 10/10/2017 – Skyworks Solutions had its price target raised by analysts at Cowen and Company from $110.00 to $115.00. They now have a “market perform” rating on the stock.
  • 10/9/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $120.00 price target on the stock.
  • 9/26/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Instinet. They now have a $115.00 price target on the stock.
  • 9/21/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Craig Hallum.
  • 9/20/2017 – Skyworks Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Skyworks has outperformed the industry on a year-to-date basis. The company is gaining from strong demand for its Wi-Fi, Zigbee and LTE solutions. Further, strategic design wins in IoT, automotive and 5G markets are significant positives for the company in the long haul. The recent launch of iPhone 8 and upcoming iPhone X are key catalysts for the company. However, heavy investments in research & product development and escalating operating expenses are affecting margins, which is a concern. Moreover, slow growth rate of the smartphone market and piled up inventories with Chinese smartphone providers are headwinds.”
  • 9/18/2017 – Skyworks Solutions was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $112.42 price target on the stock.
  • 9/17/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock.

Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) traded up $0.91 on Wednesday, hitting $111.21. The company had a trading volume of 1,454,000 shares, compared to its average volume of 1,997,316. Skyworks Solutions, Inc. has a 1-year low of $71.65 and a 1-year high of $117.65. The firm has a market cap of $20,010.00, a price-to-earnings ratio of 18.32, a PEG ratio of 1.08 and a beta of 0.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a $0.32 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.28 annualized dividend and a dividend yield of 1.15%. Skyworks Solutions’s dividend payout ratio is presently 23.66%.

In other Skyworks Solutions news, CEO Liam Griffin sold 12,141 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $110.95, for a total value of $1,347,043.95. Following the sale, the chief executive officer now owns 49,514 shares in the company, valued at approximately $5,493,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders sold a total of 52,432 shares of company stock valued at $5,641,736 over the last quarter. 0.49% of the stock is owned by insiders.

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.

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