Weekly Analysts’ Ratings Changes for Skyworks Solutions (SWKS)

Skyworks Solutions (NASDAQ: SWKS) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – Skyworks Solutions was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Skyworks is a designer as well as a manufacturer of high performance analog and mixed signal semiconductors. The company reported impressive first-quarter fiscal 2018 results wherein earnings surpassed the Zacks Consensus Estimate while revenues were in-line with the same. The emergence of connected homes, autonomous vehicles, artificial intelligence (AI), augmented reality, wearables and network infrastructure are driving growth for the company. The company is expected to benefit from strong demand for Wi-Fi, Zigbee and LTE solutions. We believe Skyworks’ expanding product portfolio and strong product adoption is a key positive. Nonetheless, we remain concerned about escalating operating expenses which may negatively impact its margins in the near-term. Moreover, significant pricing pressure and high concentration risks are other headwinds. Notably, Skyworks has underperformed the industry in the last one year.”
  • 2/7/2018 – Skyworks Solutions was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $91.21 price target on the stock.
  • 2/7/2018 – Skyworks Solutions was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/6/2018 – Skyworks Solutions had its price target raised by analysts at Canaccord Genuity from $115.00 to $120.00. They now have a “buy” rating on the stock.
  • 2/6/2018 – Skyworks Solutions had its price target lowered by analysts at B. Riley from $131.00 to $128.00. They now have a “buy” rating on the stock.
  • 2/6/2018 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They wrote, “SWKS F1Q18 results exceeded expectations but the company provided lower than expected F2Q18 guidance driven by a decrease in flagship handset units. While near term demand in the company’s Mobile business is experiencing a decrease in order volume by a marquee customer and seasonal headwinds, we remain positive on the company’s setup into F2H18 due to strong design win traction on marquee 2018 platforms and a favorable back drop of new opportunities for SWKS’s low-band PADs and receive diversity (DRx) module products. While we are lowering our forward revenue estimates, our forward NG EPS estimates increase to reflect a lower effective tax rate. We maintain our Buy and $120 price target based on 14.5x our CY19 NG EPS estimate.””
  • 2/6/2018 – Skyworks Solutions was upgraded by analysts at UBS Group AG from a “hold” rating to a “buy” rating.
  • 2/6/2018 – Skyworks Solutions was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/5/2018 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $128.00 price target on the stock.
  • 2/1/2018 – Skyworks Solutions was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $91.21 price target on the stock.
  • 1/26/2018 – Skyworks Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/24/2018 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $115.00 price target on the stock.
  • 1/17/2018 – Skyworks Solutions was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $105.96 price target on the stock.
  • 1/10/2018 – Skyworks Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Skyworks is a designer as well as a manufacturer of high performance analog and mixed signal semiconductors. The company operates in a highly competitive market with intense pricing pressures. As its peers gear up to capitalize on the increasing demand for smartphones, we expect pricing pressure to intensify leading to a decline in margin. Additionally, heavy investments in research & development are escalating operating expenses, which will continue to Impact company’s bottom line. However, the company is expected to benefit from strong demand for Wi-Fi, Zigbee and LTE solutions. The demand for highly-integrated solutions is increasing as customers implement the next level of functionality for higher bandwidth. We believe Skyworks’ expanding product portfolio has the potential to address this rapidly growing need. Notably, shares of the company have outperformed the industry over the last one year.”
  • 1/5/2018 – Skyworks Solutions was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/3/2018 – Skyworks Solutions was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $108.40 price target on the stock.
  • 12/29/2017 – Skyworks Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/27/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $115.00 price target on the stock.
  • 12/21/2017 – Skyworks Solutions was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/20/2017 – Skyworks Solutions is now covered by analysts at Piper Jaffray Companies. They set an “overweight” rating and a $115.00 price target on the stock.
  • 12/15/2017 – Skyworks Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/14/2017 – Skyworks Solutions was given a new $115.00 price target on by analysts at Cowen Inc. They now have a “hold” rating on the stock.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $102.64 on Monday. Skyworks Solutions, Inc. has a 1-year low of $90.53 and a 1-year high of $117.65. The stock has a market capitalization of $18,730.04, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.02 and a beta of 0.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $1.61 earnings per share. Skyworks Solutions’s quarterly revenue was up 15.0% compared to the same quarter last year. sell-side analysts expect that Skyworks Solutions, Inc. will post 6.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.25%. Skyworks Solutions’s dividend payout ratio is 29.03%.

In related news, SVP Carlos S. Bori sold 2,151 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total transaction of $230,587.20. Following the completion of the sale, the senior vice president now directly owns 9,372 shares in the company, valued at $1,004,678.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 4,377 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $108.30, for a total value of $474,029.10. Following the sale, the senior vice president now owns 17,645 shares of the company’s stock, valued at $1,910,953.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,405 shares of company stock valued at $14,462,209. 0.49% of the stock is owned by corporate 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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