Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) have been given a consensus recommendation of “Buy” by the thirty-two brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $115.52.

Several equities research analysts recently weighed in on SWKS shares. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Monday, September 11th. KeyCorp restated an “overweight” rating on shares of Skyworks Solutions in a research report on Thursday, September 14th. Craig Hallum restated a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 13th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Skyworks Solutions in a research report on Sunday, September 17th. Finally, Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $112.42 price target on the stock. in a research report on Monday, September 18th.

Shares of Skyworks Solutions (NASDAQ SWKS) opened at $101.23 on Monday. Skyworks Solutions has a 1 year low of $74.32 and a 1 year high of $117.65. The firm has a market capitalization of $18,600.00, a P/E ratio of 18.71, a P/E/G ratio of 1.01 and a beta of 0.83.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Monday, November 20th. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.

In other news, SVP Carlos S. Bori sold 2,151 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total value of $230,587.20. Following the completion of the transaction, the senior vice president now owns 9,372 shares in the company, valued at $1,004,678.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 3,083 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $98.00, for a total value of $302,134.00. Following the completion of the transaction, the senior vice president now owns 12,455 shares of the company’s stock, valued at approximately $1,220,590. The disclosure for this sale can be found here. Insiders sold 161,864 shares of company stock valued at $17,246,539 in the last 90 days. Company insiders own 0.49% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Financial Engines Advisors L.L.C. purchased a new stake in Skyworks Solutions during the third quarter valued at $126,000. WFG Advisors LP increased its position in Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares during the last quarter. Sun Life Financial INC increased its position in Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in Skyworks Solutions during the third quarter valued at $204,000. Finally, Round Table Services LLC purchased a new stake in Skyworks Solutions during the third quarter valued at $204,000. Hedge funds and other institutional investors own 81.50% of the company’s stock.

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Skyworks Solutions Company Profile

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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