Skyworks Solutions (SWKS) Earning Somewhat Critical Media Coverage, Analysis Shows

Headlines about Skyworks Solutions (NASDAQ:SWKS) have been trending somewhat negative this week, according to InfoTrie. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Skyworks Solutions earned a news sentiment score of -1.57 on their scale. InfoTrie also gave media headlines about the semiconductor manufacturer an news buzz score of 7 out of 10, meaning that recent media coverage is likely to have an impact on the company’s share price in the next few days.

Here are some of the headlines that may have effected Skyworks Solutions’ analysis:

A number of equities research analysts recently issued reports on SWKS shares. Canaccord Genuity restated a “buy” rating and issued a $115.00 target price on shares of Skyworks Solutions in a report on Friday, July 20th. BMO Capital Markets restated a “buy” rating and issued a $115.00 target price on shares of Skyworks Solutions in a report on Friday, July 20th. DA Davidson lowered their target price on shares of Skyworks Solutions to $125.00 and set a “buy” rating for the company in a report on Friday, July 20th. B. Riley boosted their target price on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 20th. Finally, Craig Hallum restated a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of Skyworks Solutions in a report on Friday, July 20th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $107.79.

SWKS stock traded down $6.74 during midday trading on Friday, reaching $76.66. 8,436,241 shares of the company’s stock traded hands, compared to its average volume of 2,123,045. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.82 and a beta of 0.64. Skyworks Solutions has a fifty-two week low of $75.15 and a fifty-two week high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. Skyworks Solutions’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. On average, research analysts anticipate that Skyworks Solutions will post 6.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 26th. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. Skyworks Solutions’s dividend payout ratio (DPR) is 25.42%.

In other news, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $92.89, for a total transaction of $928,900.00. Following the transaction, the director now directly owns 152,252 shares of the company’s stock, valued at $14,142,688.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David J. Aldrich sold 5,500 shares of the business’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $90.48, for a total transaction of $497,640.00. Following the transaction, the director now directly owns 147,752 shares in the company, valued at $13,368,600.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,500 shares of company stock worth $3,126,050. 0.47% of the stock is currently owned by corporate insiders.

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About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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